NJ Case Signals Possible Uptick in Anti-Corruption Enforcement in Construction Industry

Dan Shallman is quoted in Corporate Counsel regarding the anti-corruption risks of infrastructure projects in developing countries. Mr. Shallman says, We’ve seen an uptick in major infrastructure projects and those are generally in the developing world, which has the highest corruption risks. There’s risk around every corner in one of these projects.”

The savviest companies have developed internal compliance programs and robust internal compliance structures as part of a systematic approach to dealing with and minimizing their third-party risks, which are “coming from every direction.” He adds, What the best companies do is they’ll have an intake procedure … for approval of contracts that are then scored based on different risk factors and put into different buckets based on those scores. More and more are using data analytics to identify potentially problematic vendors and invoices and payments. That’s something we’re going to continue to see more of.”