Every organisation in the world operates in a market that restricts bribery to public officials. Often, there are laws which prohibit commercial bribery. Complying with the written laws of each country in which your company is based or conducts business is paramount for any business. While the laws vary in name across jurisdictions, they are generally all designed to prevent one simple thing: giving something of value to someone (normally a government decision maker) for the purposes of gaining an unfair advantage
The complete guide to the 23 risk areas
Understanding your third party is more than just knowing the list of your third parties. Knowing your third...
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Offset agreements and hidden compliance risks
Although often legitimate, offset agreements have been known to be used to cover bribes and kickbacks. All compliance officers should be aware that these risks do exist and know how to identify them.
Avoiding successor liability
Understanding the background of your target, prior to transacting, plays a crucial role in minimising exposure to potential liabilities and risks.
Five most common red flag zones in China
China is increasing efforts to align itself with international anti-corruption standards by taking stronger action and enforcements against wrongdoers under its Anti-bribery Laws.
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Measuring success in any compliance programme
Measuring success in a compliance programme goes beyond the policies and procedures. Having policies and procedures alone is simply not good enough unless you have regular auditing and...
Driving Integrity into the Supply Chain | Trust but Verify
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Developing and maintaining a policy lifecycle management system
Technology tools can play an integral role in helping organisations minimise risk in this area. The Red Flag Group’s ComplianceDesktop® Technology Platform manages the lifecycle of policies...
Are your due diligence reports providing maximum value for your business
There is no shortage of due diligence providers but the quality of the reports can vary drastically from one provider to another. We highlighted 10 indicators that tell if your due diligence...
Why ESG compliance can’t be ignored
The compliance landscape is becoming even more complex resulting from increased pressure for companies to publicly prove their commitment and disclose how they are addressing ESG risks and compliance.
Supply chain and compliance in the agricultural sector
There is a strong case for companies engaged in the agri-food business to understand the necessity of developing a robust due diligence and risk-management framework.
Three practical ways to sustain post transaction compliance
There are a number of considerations that must be given close attention to ensure that the prospective benefit of business transactions are not undermined. Learn about the top three.
How much do you trust listing bodies and regulators
The need for tighter controls in financial services are exacerbated by rising incidents of misconduct especially in Asia and Hong Kong in particular...
Identifying and avoiding weak links in your supply chain
You are responsible for the conduct and integrity of your suppliers. Ensure that you have a watertight supplier risk management process.
Corporate Transparency is great – but don’t go overboard
The aim of this article is to highlight the shortfalls of TI’s report and approach. There are many more facets to a good compliance programme that cannot simply be advocated publicly, and it is...
The missing piece of country intelligence gathering
Compliance risks appear to be receiving much less coverage than they deserve in typical country intelligence offerings.
Implementing a holistic compliance culture across your global business
Identifying sanction-related risks can be daunting especially for entities with global operations and a large network of affiliates. More so, if the sanctions appear to be applicable or enforceable...
How to nurture a culture of ethics
Programmes that look good on paper may fall short if not put into action properly. A culture of ethics makes employees feel that acting ethically is the right thing to do.
Things to think about when conducting bespoke due diligence
When considering the level of diligence, there tends to be a balance between the desire to look at the specific risks of that activity in detail and the need to build a process that is as efficient...
Compliance risk assessments - Target your risks effectively