Bribery and corruption

Prosecutors and regulators across the globe are becoming increasingly active in enforcing far-reaching anti-corruption legislation. New Zealand is seeing a noticeable rise in domestic corruption and more NZ organisations are operating in markets where paying bribes is the way things get done.  Organisations must therefore focus their efforts on developing and maintaining “fit for purpose” anti-bribery and corruption programmes, or risk huge fines and reputational damage.

The Financial Crime specialists at Deloitte have assisted some of the world’s leading companies navigate corruption risk in NZ and their offshore operations. We have been engaged by our clients to assist with some of the largest and most complex corruption enforcement actions and to assist in building robust programmes to mitigate the risk and better position an organisation to respond if it does happen.  For the increasing number of NZ organisations operating in jurisdictions where corruption is commonplace, we bolster our NZ Financial Crime team with expertise from our global Financial Crime colleagues to provide market-specific insights into the risks - and proven alternatives to paying bribes.

We can offer you the following support:

Planning & Prevention

• Taking a fresh look at your Anti-Bribery and Corruption programme and developing ‘adequate procedures’
• Identify your risks and suggest improvement to your protection levels  

Detection

• Integrity due diligence on the third parties you work with
• Forensic data analytics and data mining to highlight your potentially problematic transactions
• Training your people to improve awareness, prevention and detection levels

Response

• Forensic investigation following concerns or a breach
• Tailored controls testing of your bribery prevention controls

Remediation

• Strengthening your organisations prevention and detection controls post event
• Improving your risk culture