Terrorism & Other Crimes

We are in a period of unprecedented global economic integration. But the new century also has seen a dramatic increase in terrorism, criminality, and political instability. Ransom kidnapping, which in the last century was mainly confined to Latin America, has spread to other parts of the world: Africa, South Asia, Russia and the Middle East. Companies worldwide are extorted, and their personnel are threatened. Global jihadists stage terrorist attacks against Western interests. For multinational corporations, enormous business opportunities are tempered by appreciable risks.

Protecting employees and corporate assets is the responsibility of operating managers throughout any corporation. In most organizations, few people are fully cognizant of exposures such as kidnapping and extortion. But terrorism, crime and political instability risks are facts of life, and corporate leaders must deal with them in transacting business in our increasingly global economy.

In short, terrorism, crime and political instability remain facts of life for companies operating abroad. Well-managed corporations respond by (1) carefully analyzing risks and weighing them against potential rewards of a particular project; (2) fully informing employees of the hazards they face; (3) supplying the wherewithal to enhance their safety through training, technical means such as armored cars and, in some cases, protective details; and (4) planning the company’s response in the event of a kidnapping or an extortion.

Experienced professionals should be consulted for advice on dealing with specific security issues and on developing and implementing such a risk management program. We strongly encourage you to seek competent counsel.

Click here for additional information on managing terrorism risk.

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