ANTI-BRIBERY HEALTH CHECK
Bribery and corruption is a major issue. The World Bank has conservatively estimated that around 3% of the Gross World Product is paid in bribes every year, which equates to well over USD$1 trillion dollars. Eliminating bribery of foreign public officials remains a key priority for the G20 with all countries giving their commitment to enacting and implementing foreign bribery legislation.
Governments have made progress in addressing bribery through international agreements such as the OECD’s convention on combating bribery of foreign public officials, which sets legally binding standards on the 34 OECD member and 7 non-member countries to criminalise bribery of foreign public officials in international business transactions. The United Nations Convention against Corruption, also sets out a range of general provisions, preventative measures, criminalisation and law enforcement, asset recovery and international co-operation.
The penalties for non-compliance with Anti-Bribery laws are increasing, with the largest fine now nearing USD$1 billion, clearly indicating that many Anti-Bribery programmes are falling way short of what regulators expect of them.
We built the Anti-Bribery Health Check, aligned with the ISO 37001: Anti-Bribery management systems standard which reflects international good practice and is applicable across all jurisdictions, and to small, medium and large organisations in all sectors, and type; including public, private and not-for-profit sectors.
What is the Anti-Bribery Health Check?
The Anti-Bribery Health Check platform is an online platform dedicated to controls assurance and provides a structured framework based on the ISO 37001: anti-bribery management systems, for conducting independent reviews to assess the design and operational effectiveness of anti-bribery programmes.
The Anti-Bribery Health Check platform has been designed to leverage best practices in risk management controls assurance and was built based on a logical hierarchy that links rules and obligations, with policies, risks and controls and provides a means of assessing compliance against obligations, prioritising responses, providing auditor comments and management responses, as well as, assigning actions and attaching documentary evidence to support audit findings.
After the assessment has been completed for each compliance obligation users can create executive summary reports directly from the platform, highlighting the key observations, findings and recommendations, as well as, actions, issues and risks identified during the review process.
The Anti-Bribery Health Check platform also contains rich data analytics that provide actionable business intelligence including; real-time operational dashboards for tracking open and outstanding actions, issues and risks; interactive reports which can slice and dice audit data in many ways including, drilling into particular areas of interest, as well as, benchmarking audit outcomes across different timeframes, divisions and countries, it can even summarise on a single page the compliance status across hundreds of compliance obligations.