Comply with bribery and corruption regulations and legislation and mitigate against overseas corruption when expanding into new markets
Comply with bribery and corruption regulations and legislation
We advise multinational companies across all sectors on preventing, detecting and responding to Anti-Bribery and Corruption (ABC) risks and concerns. We help manage their obligations under the UK Bribery Act 2010 and the Foreign Corrupt Practices Act (FCPA) and the increasingly complex global bribery regulations and country laws.
With increased enforcement in both the financial and non-financial sectors, it is important that companies have a robust ABC compliance framework to mitigate the risk of non-compliance and potential enforcement action. This not only helps ensure compliance with relevant legislation, it enables a company to confidently demonstrate that risk based and proportionate procedures are in place to prevent bribery and corruption.
We can provide a full range of services from proactive compliance through to investigations to help you identify and mitigate the risks.
Our methodologies and bespoke client offerings include:
ABC framework assessment – independent assessment of your ABC framework in relation to the Ministry of Justice guidance on adequate procedures, other international guidance and KPMG’s view of best practice and recommend enhancements
ABC Risk Assessments - assessing the inherent ABC risks facing your business globally and the controls you have in place to mitigate those risks
ABC Training and Awareness - delivering tailored training including e-learning modules and face to face training and awareness sessions for high risk employees and senior executives
Maturity Assessments – understanding where your ABC compliance framework is compared to similar companies and KPMG’s view of best practise assessing gaps and/or weaknesses and developing a plan for enhancement
ABC Due Diligence (pre and post-acquisition) – the approach to managing ABC risk may be different depending on the size, sector, location and culture of a company. We help you understand the ABC risks and rewards of any potential takeover/merger, to avoid successor liability and to protect the value of your investment
Third Party Risk assessments – we assist in identifying and risk ranking your Third parties (i.e. associated persons) and designing an appropriate risk based due diligence programme to manage risks from the on boarding stage and monitor throughout. We can also use our own bespoke due diligence system which includes end to end workflow management
Investigations – our ABC specialists can also assist you in the investigation process when something goes wrong
Our ABC subject matter experts have experience working with regulators including the SFO and the DOJ, and are often quoted when speaking at ABC conferences. KPMG specialists have an outstanding global reach with over 3,500 professionals in 41 Accredited Forensic Practices globally. Contact us today to find out how we can help you.
Listen to Annabel Reoch’s interview with Sally Scutt from the International Compliance Association about the importance of transparency and challenging a collusive culture.
Click here to read Annabel Reoch’s article on the FCPA Blog focusing on the UK Bribery Act first contested failure-to-prevent case.
What does it take to be an effective compliance officer in 2019 and beyond? Click here to read our article on the FCPA Blog.
How prosecutors may assess the adequacy of procedures.
With many businesses evolving at exceptional speed, GCs need to accelerate the transformation of their own roles.