• Bribery and Corruption Risk Assessment

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Bribery and Corruption Risk Assessment

To prevent corruption an organisation needs to have a clear understanding of the bribery and corruption risks that it faces and must develop effective systems, procedures and controls for minimising or mitigating risk exposures.

Being able to identify, assess, mitigate and manage bribery and corruption risks is a critical business function which is particularly important for complex, international businesses that engage third party suppliers, sales agents or other intermediaries within their supply chains.

Organisations often find it a significant challenge to develop, implement and maintain a risk management framework to assess, evaluate and treat bribery and corruption risks, in a structured and transparent way, which is what the Bribery and Corruption Risk Assessment has been purposefully designed to do.

What is the Bribery and Corruption Risk Assessment Platform?

The Bribery and Corruption Risk Assessment platform helps organisations to identify, assess, mitigate and manage bribery and corruption risks across different dimensions and over 450 different risk factors by providing a standardised process for performing risk assessments on the core requirements of the Anti-Bribery and Corruption program and provides a graphical depiction of a risk matrix, depicting the areas of higher risk, highlighting focus areas. This helps organisations in designing, implementing and maintaining robust policies, procedures, systems and controls to reduce these risks.

Solution Overview

The Bribery and Corruption Risk Assessment contains over 450 different risk factors tailored to over 40 industry sectors, organised across different risk groups:

Internal Risk

  • Organisational context, ABC risk assessment, ABC program manual, ABC policies and procedures, employee due diligence, training and awareness, independent review

Country Risk

  • Business Location Risk and Country Risk Assessment of 250+ countries and territories assessed against restricted, high, medium and low risk.

Sectoral Risk

Transactional Risk

  • Nature of business activity, interaction with government officials, policies and procedures (gifts, entertainment and corporate hospitality; political donations; charitable donations; sponsorships; facilitation payments; books and records)

Business Opportunity Risk

  • Criteria for assessing business opportunities (high-value; complex; opportunities where rationale is difficult to ascertain) and establishing procurement processes

Business Partnership Risk

  • Type of business partnership (Intermediaries; Joint Ventures and Consortiums) and governance and oversight of business partnerships

Environmental Risks

  • Anti-Bribery Regulation Risks

Click here to enlarge diagram.

450

Risk Factors

8

Risk Groups

18

Categories

75

Sub-Categories

40

Industry Sectors

How it works – Get started in 4 easy steps

Configure Model

Use out-of-the-box or tailor to suit – adding risk factors, changing scores or weightings between categories is easy!

Create Assessment

Assess the inherent risk (likelihood x impact) and assess effectiveness of any mitigating controls across 450+ risk factors.

Generate Reports

Generate drillable reports providing actionable business intelligence delivering strategic risk management insights.

Deployment Options

On-Premise

Our solutions can be installed and run on your organisation’s hardware, behind your own firewall and fully supported by your own organisation’s IT support staff which provides control over how the software is used and maintained and provides peace of mind to organisation’s who may not entrust compliance data hosted outside their premises.

Our IT team can provide support to your organisation’s own IT staff to help get you up and running.

Private Cloud

Our solutions are also available to be deployed off-premise as a ‘software-as-a-service’ (SaaS) offering which can be deployed to any private cloud hosting provider of your choice, for example, Amazon Web Services, IBM Softlayer

Private cloud hosting could provide peace-of-mind that trusted cloud-providers that your organisation may already be using to host other software applications, can be extended to new software applications.

Shared Cloud

Our solutions can also be deployed in the cloud using our preferred cloud-solution provider, Microsoft Azure, which is trusted by 57% of Fortune 500 companies.

Microsoft has the highest standards of security, privacy, transparency and compliance to ensure your data is securely hosted in an in-country data centre, which can dramatically reduce your ongoing support costs in terms of staffing, hardware and software acquisition, ongoing maintenance and power consumption.

In the media

Our subject matter experts are recognised as thought leaders in financial crime prevention and are regularly featured in leading GRC publications showcasing our knowledge and experience. We often present at conferences and have done our share of webinars too!

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