Compliance fatigue sets in for large companies

Compliance fatigue is setting in around the globe as companies face a tougher approach and record financial penalties from regulators, according to research from EY, the Big Four accountancy firm.

Compliance fatigue is setting in around the globe as companies face a tougher approach and record financial penalties from regulators docstockmedia

In a poll of 2,700 executives, the firm found that companies are still not taking the threat seriously enough and are, in fact, training the wrong kind of staff in the wrong places. Developing markets, where bribery is prevalent, are not being monitored well enough. Businesses have failed to keep up with the kind of advances in regulation which produced the UK’s Bribery Act and similar pieces of legislation elsewhere. 

Cyber security

Cybercrime is seen as a serious threat by nearly half of respondents - but that proportion fell to 35 per cent in Singapore, the Netherlands and Canada. Source: Financial Times

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