Transparency International’s guidance provides specific, practical advice based on real-life experience on how to conduct an effective bribery risk assessment.
Identifying and evaluating bribery risk is essential to the design and implementation of an effective anti-bribery programme. It’s fundamentally a management responsibility, supported by compliance, internal audit and other functions as appropriate.
Law enforcement agencies and regulators around the world have made it clear that bribery risk assessment is the foundation of an anti-bribery programme. In the UK, risk assessment is one of the six principles enshrined in the Ministry of Justice Guidance and is also a focus of the thematic reviews carried out by the Financial Services Authority (FSA) (now the Financial Conduct Authority or FCA). Furthermore, the Department of Justice (DOJ) and Securities and Exchanges Commission (SEC) in the US have recently published their resource guide
The Transparency International guide includes:
- 10 good practice principles for bribery risk assessment
- A risk assessment template – with an illustrated documented example
- Bribery risk assessment process check list
TI-UK Executive Director, Robert Barrington, and Lead Author of the guide, Will Kenyon, discuss why conducting an effective bribery risk assessment is necessary here
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