Corruption

KPMG survey: Oil price collapse drains funding for FCPA compliance

As if historically low commodity prices are not enough for energy and natural resource executives to contend with, a recent KPMG International survey found that addressing anti-bribery and corruption remains highly or exceedingly challenging. At the top of the list of challenges for 89 percent of respondents? Employee awareness, training and communications, and varying country regulations.

Recognizing the magnitude of anti-bribery and corruption challenges, KPMG International conducted a survey of 659 executives in a range of functions and industries from around the world. Fifty-four (8 percent) work in the energy and natural resource sector (38 of which are in oil and gas).