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Under foreign anti-corruption laws, such as the US Foreign Corruption Practices Act and the UK Bribery Act, fines can be imposed on companies with inadequate corruption prevention systems even if no actual bribery took place.

How we can help

KPMG helps you to develop a corruption prevention system that complies with all applicable anti-corruption laws: Ukrainian legislation, US FCPA, UK Bribery Act 2010, etc.

Our anti-bribery and corruption services

Based on your overall profile, KPMG’s experts help you understand and reduce risk. Here are some areas where we can assist you:

What we do

  • We assess the level of corruption risk in the business processes of each client by singling out major business processes, analysing regulatory documents, and conducting employee interviews.
  • We assess already existing anti-corruption measures from two angles: design (according to internal policies) and operational efficiency (how they actually work). To carry out such assessments, KPMG analyses accounting entries and examines primary documents.
  • We develop corruption prevention systems: KPMG can implement new controls or improve existing systems, recommend responsible individuals, and amend corporate policies. Due to the sensitive nature of this work, we consider all the requirements of major anti-corruption laws, like the US FCPA and the UK Bribery Act 2010, as well as all applicable domestic legislation (depending on the client’s country of presence in Ukraine or elsewhere in the CIS), as well as regulatory recommendations and international compliance standards (ISO).
  • As soon as controls are implemented, we train the client’s employees on how to interface with the new system. KPMG prepares e-trainings for all staff and conduct in-person training sessions for top management.

What you get

  • Effective compliance controls that minimise the risk of material and reputational losses.
  • Improvement to your overall corporate compliance culture.
  • Сorruption prevention systems that comply with domestic and international anti-corruption laws.
  • Educated employees who understand major corruption prevention requirements, as well as their importance.
  • Dependable employees who are comfortable working with internal control measures that interface with their areas of responsibility.

More than this…

  • A few months after project completion, KPMG can assess how well the new procedures are operating and suggest any changes as required.
  • KPMG can check whether counterparties and a company’s business partners comply with all applicable domestic or international anti-corruption laws. This kind of check is vital before any M&A deal to minimise any inherited risks.

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