The Forensic Risk Alliance – a consultancy firm specialising in forensic accounting, e-discovery and data forensics – found that investigations and enforcement of regulations are growing amid increasingly intricate legislation.
The mining industry is especially vulnerable to enforcement and the report warns that the negative impact from an investigation costs far more than the actual sanctions.
The experts claim that ‘agreements such as bilateral investment treaties can become null and void as a result of bribery to secure contracts, leaving exposed companies with little recourse in the event that a concession is wrongfully taken away’.