From Michael Schwartz and Nicholas D’Ambrosio of KPMG International, published in FCPA Blog
(Feb. 4) – Energy and natural resource companies, including oil and gas firms, have been at the forefront of FCPA enforcement and continue to engage in higher risk business activities in higher risk locations globally.
Yet, the downturn in commodity prices puts a strain on compliance budgets, according to a KPMG survey of 659 executives, including 54 in the energy and natural resource sector.
This article published in the FCPA Blog highlights the need for improvement of energy and natural resource companies’ anti-bribery and corruption compliance programs as well as the strides they have made. There is also a link to download KPMG International’s full survey in the article.