Anti-Corruption & Prohibited Payments Program
Upholding Global Integrity Through Robust Anti-Corruption Practices
This practice helps protect your organization from legal, financial, and reputational risks associated with corruption, ensuring sustainable and ethical global operations. It establishes guidelines to prevent prohibited payments to sanctioned parties, supported by regular compliance training and clear policies. It can adapt to the specific needs of each business unit while maintaining consistent corporate standards.
Who: President, Finance Leader
Measurement: Assessment against capabilities and controls
Frequency: Annually
Key components include:
• Compliance Framework: Establish clear guidelines aligned with global anti-corruption and anti-bribery laws.
• Prohibited Payments Prevention: Implement processes to avoid payments to sanctioned parties.
• Regular Training: Conduct ongoing compliance training for relevant personnel.
• Policy Development: Create and maintain comprehensive anti-corruption policies.
• Risk Assessment: Regularly evaluate corruption risks in different markets.
• Due Diligence: Implement thorough vetting processes for business partners and transactions.
• Reporting Mechanisms: Establish clear channels for reporting potential violations.
• Monitoring and Auditing: Regularly review compliance with the program.
Discipline Experts
