Corruption dubbed most pervasive op risk for 2011

Victoria Tozer-Pennington
15 Dec 2010

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"Corruption will be the most pervasive operational risk in 2011," says the latest RiskMap report from Control Risks. The consultancy's annual forecast of business risks said firms need to prepare for the UK Bribery Act, which comes into force in April, as it will create "the toughest enforcement regime in any jurisdiction".

Richard Fenning, Control Risks chief executive, says: "The Bribery Act affects everybody potentially. The new UK legislation is tough, much tougher than anything that has

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