Compliance Intelligence is a dedicated anti-bribery and anti-corruption
(otherwise known as “ABC”) advisory firm. Unique in its offerings, it has resources globally to ensure that your business is compliant with all local and international legislation relating to ABC compliance relevant to your company.
Developing industry specific, specialised policies and procedures tailored to identify and address risks.
Manage the implementation
of the compliance programs.
Training and Education
Training to ensure that the policies and procedures are understood.
Monitoring and risk assessments focusing on all stakeholders, including third-party contractors, Investigations into allegations of misconduct.
Develop internal reporting systems which incentivizes employees to abide by the compliance and ethics program.
Request advisory opinions from relevant authorities on perceived ABC risks.
Local laws may require companies to have other sorts of compliance programs. In many jurisdictions, anti-money laundering laws, for example, obligate individuals and legal persons involved in certain activities to report suspicious transactions. Failing to do so may subject the companies to sanctions, including significant fines and imprisonment.
In many jurisdictions, the existence of an anti-bribery compliance program is an important mitigating factor that may reduce or, when combined with other factors (e.g., self disclosure and cooperation), exempt the legal entity from liability.
Companies have gone further and are requiring suppliers as well to have compliance programs in place. In this way, having an anti-bribery compliance program has become a competitive advantage in many industries.
Since the consequences of violating anti-bribery laws may be harsh and expensive, investors are increasingly looking for anti-bribery compliance programs before investing in companies.
In recent years, pre-acquisition anti-bribery due diligence has become an important component of a company’s expansion strategy. Many companies conduct anti-corruption legal due diligence before continuing with other areas (e.g., corporate, tax, environmental).
Another reason for companies to have an anti-bribery compliance program, such program “protects a company’s reputation, ensures investor value and confidence, reduces uncertainty in business transactions, and secures a company’s assets.