Third-party risk
Anti-bribery and corruption
Access reliable, accurate risk data, insight and workflow to robustly monitor your third parties for corrupt practices.
Bribery and corruption is one of the biggest challenges facing businesses today.
Increased enforcement leads to greater risks for companies that do not have adequate anti-bribery and anti-corruption compliance programmes in place or companies who have insufficient background information on their suppliers and third parties. The legislation against bribery and corrupt practices does in many cases not just include the jurisdiction but also expands to cover those working on behalf of the company including their third parties. The U.S. Foreign Corrupt Practices Act has been at the forefront of enforcement; this and other anti-corruption-bribery legislation that applies include:
- Convention on Combating Bribery of Foreign Public Officials in International Business Transactions
- US Foreign Corrupt Practices Act
- UK Bribery Act
- Council of Europe's Criminal Law Convention on Corruption
- Sapin II
Although fines form the most widely visible fall-outs for a company involved in bribery and corruption allegations, the impact of breaching anti-bribery and corruption legislation can have far more reaching effects than large fines both criminal and regulatory and may include the following:
- Individual convictions
- Legal costs
- Reputational damage
- Follow-on litigation
- Impact on share price
- Legal or de-facto debarment (government, international organisations, development banks)
- Ongoing monitoring, reporting and cooperation obligations and compliance certifications
What is an effective anti-bribery and corruption programme?
There are many pillars that must be considered when building an effective anti-bribery and corruption programme, but risk assessment and due diligence are of particular importance.
Effective risk assessment helps to identify areas of higher risk and should include assessing country risk (certain jurisdictions present an inherently higher risk), industry risk, and political exposure.
In anti-corruption best practice there is no substitute for thorough and rigorous due diligence, supported by ongoing training of both staff and suppliers, and regular evaluation of anti-bribery and corruption programmes.
Technology offers the tools to augment intelligence, cut through noise, and enhance efficiency. However, it can never replace human judgement, which is shaped by ethical standards and the right culture of compliance.
Our solution
Effective anti-bribery and corruption risk management
At an organisational level, access to reliable, accurate risk data that offers sufficient breadth and depth of risk intelligence is critical when building a holistic picture of risk to help fight corruption and enable effective risk management and mitigation.
Our single configurable workflow platform gives access to end-to-end third-party risk management that covers multiple risk aspects. It is backed by best-in class, contextualised data and supported by managed services, helping you to make better-informed decisions about your business partners and assist in meeting anti-bribery and corruption legislative requirements.
Benefits
Why we are trusted worldwide
Location-based country risk ratings
Get an accurate view of your location-based risk, with detailed, risk-based information on more than 240 countries and territories, categorised by criminal, economic and political factors.
Screening with market-leading risk data, with the ability to filter through specific keywords and sub-categorisation to target corruption and bribery risk-related information.
Our third-party risk due diligence reports are available across multiple levels of complexity to suit your business requirements.
Resources
Learn more with our anti-bribery and corruption risk resources
Connect with our specialists
Our specialists will tailor an anti-bribery and corruption solution to help solve your specific needs.
Request details
Call your local sales team
Americas
All countries (toll free): +1 800 427 7570
Brazil: +55 11 47009629
Argentina: +54 11 53546700
Chile: +56 2 24838932
Mexico: +52 55 80005740
Colombia: +57 1 4419404
Europe, Middle East, Africa
Europe: +442045302020
Africa: +27 11 775 3188
Middle East & North Africa: 800035704182
Asia Pacific (Sub-Regional)
Australia & Pacific Islands: +612 8066 2494
China mainland: +86 10 6627 1095
Hong Kong & Macau: +852 3077 5499
India, Bangladesh, Nepal, Maldives & Sri Lanka:
+91 22 6180 7525
Indonesia: +622150960350
Japan: +813 6743 6515
Korea: +822 3478 4303
Malaysia & Brunei: +603 7 724 0502
New Zealand: +64 9913 6203
Philippines: 180 089 094 050 (Globe) or
180 014 410 639 (PLDT)
Singapore and all non-listed ASEAN Countries:
+65 6415 5484
Taiwan: +886 2 7734 4677
Thailand & Laos: +662 844 9576