Towards better anti-bribery and corruption compliance


Towards better anti-bribery and corruption compliance

Bribery and corruption remain a significant fraud risk for businesses across the world. Regulators across the world are trying to set comprehensive guidelines backed by stringent enforcement action to help organisations reduce instances of bribery and corruption.

In April 2019, the US Department of Justice (DOJ) issued a guidance note on the ‘Evaluation of Corporate Compliance Programs’ which seeks to guide prosecutors as well as corporates in understanding what should be considered an effective anti-bribery and corruption (ABC) compliance program and how such a program shall be evaluated.

This is expected to have significant impact on US-based corporates with operations in India, as well as their subsidiaries/joint venture entities/partnerships in India.

This guidance is intended to be a checklist for organisations to consider when designing an ABC compliance programme. It relies on three fundamental questions, i.e., designing, implementation, and monitoring.

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