Anti Bribery & Anti Corruption Law

Описание: Anti-Bribery and Corruption Law covers breaches in both the public and private sectors.
What we are seeing these days - is that most organisations' have policies that dictate that they cannot do business with anyone implicated in bribery and corruption. It is fast becoming common practice to run background checks including media screenings on potential new vendors and their directors to ensure clean records. A simple allegation of bribery could see your organisation being discounted at RFP stage.
From a global perspective, certain foreign bribery and corruption laws including those of the US and UK have extraterritorial scope. What this effectively means - is that global organisations with operations in the US or UK could be prosecuted under those laws for bribery and corruption offences committed by another group company located in South Africa for example.
Comprehensive and workable bribery and corruption policies and procedures are therefore no longer a nice to have, but rather an imperative.
Caveat can assist in designing anti-bribery and corruption compliance procedures and policies to suit your specific business that will align with both local and most international laws. We will guide you through the development of due diligence procedures that should be conducted on third parties that you engage with and will assist in training your staff to work towards both demonstrating and achieving compliance.