red flags could point to a potential bribery incident.
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Every year trillions of dollars are lost through bribery and corruption. Half of which is perpetrated by employees and contractors. So how can you spot it?
The Foreign Corrupt Practices Act and UK Bribery Act 2010 threaten severe penalties. But the UN still estimates that $1 trillion is paid in bribes each year, and a further $2 trillion is lost through corruption.
A quarter of UK businesses experienced bribery and corruption in the two years to 2018, a figure that has quadrupled since 2016 according to PwC's Global Economic Crime Survey.
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