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A new report has found that corruption in the U.K. is being overlooked, despite the risk of corruption being fuelled by self-regulation, conflicts of interest and austerity.
The Fraud Advisory Panel (FAP) - which The University of Manchester's Dr. Nicholas Lord advised—found that, while attention is given to instances of corruption and bribery abroad, questions over domestic bribery are left largely unanswered.
Picture - Understood - FAP - Report - Lack
"To say the domestic picture is neglected and poorly understood would be an understatement," the FAP said in the report, while highlighting a lack of available data on the subject.
It also raised concerns about "the growing strength of organised crime and the prominent influence of dirty money in U.K. society in markets," as well as "long-running and systemic overseas corruption being revealed at major U.K. corporations."
Corruption - Event - Act—it - Process - Objective
"Corruption isn't a single event or act—it is a process, whose ultimate objective is to create a culture in which it can become the new normal." said David Clarke, chairman of the FAP. "Everywhere we look in the U.K. today, we see signs that just such a culture is beginning to take root."
The report explored some examples of how and why corruption might be taking places across various...
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