Wrongdoing thrives in times of crisis. Some companies will be undone by the commercial effects of COVID-19. Others may survive only to be undone by groups or individuals acting without requisite integrity. There will be opportunists seeking to benefit from circumstance, but also employees under sustained pressure to meet unrealistic economic targets.
Present economic conditions have led businesses to reassess spending across all departments, with legal and compliance budgets being squeezed at a time when companies must remain more vigilant than ever. A blanket decision to pause investigations and compliance initiatives during this period – whether due to cost, technophobia, or a lack of agility to depart from traditional approaches – would be a dangerous and possibly catastrophic decision for companies. Yet continuity for investigations can absolutely be secured within restricted budgets and without sacrificing performance.
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