Ethics and integrity are vital to any firm operating in the financial services industry. It is essential that firms are able to effectively implement and communicate their commitment to Anti-Bribery and Corruption (ABC). This can present a considerable challenge to firms who operate in multiple jurisdictions and have a number individuals or firms acting on their behalf.
The Bribery Act 2010 imposes liability not just on individuals, but also on your organisation where someone (including an agent) engages in bribery whilst performing a service for you.
This complex area requires detailed attention to mitigate against your firm becoming involved in, or facilitating, bribery and corruption. Failure to do so can result in significant sanctions being imposed upon your firm and your employees.
Complyport is regularly consulted by firms requiring assistance with the implementation of ABC systems and controls. We can assist with:
- Conducting a Bribery Risk Assessment;
- ABC Healthcheck;
- ABC training – both via our online training portal (ComplyTrainer) and face-to-face;
- Advice on implementing ABC procedures, systems and controls;
- Drafting and implementation of ABC policies and procedures.