Seven Bribery And Corruption Self-Assessment Questions

The seven self-assessment questions:

1. How does your firm define bribery and corruption?
2. Does your definition cover all forms of bribery and corruption behaviour falling within the definition of “financial crime”?
3. Where is your firm exposed to bribery and corruption risk?
4. Has your firm considered the risk associated with the products and service offered, the customers and jurisdictions in which it does business, its exposure to public officials and public office holders, and its business practices?
5. Has the risk of staff or third parties acting on the firm’s behalf offering or receiving bribes been assessed across the business?
6. Who is responsible for carrying out a bribery and corruption risk assessment and keeping it up-to-date?
7. Does the person responsible for carrying out a bribery and corruption risk assessment and keeping it up-to-date have sufficient levels of expertise and seniority?

Tyler’s Top Tips

Are you performing regular assessments of bribery and corruption risks across all aspects of your firm’s business? Are you taking into account all relevant jurisdictions, sectors, how business is generated, as well…