Compliance Activities against Fraud and Corruption in Hungary

Abstract

The risk of corporate wrongdoing in Central and in Eastern Europe - mainly of fraud andcorruption - is considerably higher than in the West. To prevent, uncover, and handle such deeds, corporate compliance activities offer an effective solution in the most general respects. It is already evident that the handling of such activities within the traditional national criminal framework (investigative authority, prosecution, and criminal court) is becoming a less and less reassuring prospect. Accordingly, this study offers an overview of compliance activities such as forensic data analytics and whistleblowing systems.