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05) Does your organisation have a documented set of policies and procedures for managing compliance with all applicable anti-bribery and corruption (AB&C) legislation or regulations in the jurisdictions in which you operate?

August 19, 2021
Financial Risk
Anti-bribery and Corruption

Answer yes if your organisation has a documented set of policies and procedures for managing compliance with all anti-bribery and corruption (AB&C) legislation or regulation in the jurisdictions you operate. The policies and procedures should, as a minimum, cover your organisations top level commitment to preventing bribery, your organisations policy and related procedure for receiving or giving gifts, entertainment, and hospitality, your organisations policy on charitable donations and sponsorships, and your organisations policy on third party relationships. Please upload the relevant files (as PDF files) as evidence. Please check our knowledgebase to review this control's applicability to your organisation.

It is illegal to offer, promise, give, request, agree, receive or accept bribes - an anti-bribery policy can help protect your business. All companies should have one.

You should have an anti-bribery policy if there is a risk that someone who works for you or on your behalf might be exposed to bribery.

Your anti-bribery policy should be appropriate to the level of risk your business faces. Your policy should include:

  • your approach to reducing and controlling the risks of bribery;
  • rules about accepting gifts, hospitality or donations;
  • guidance on how to conduct your business, eg negotiating contracts;
  • rules on avoiding or stopping conflicts of interest.

Once you have an anti-bribery policy you should:

  • tell your staff and make sure they understand the policy;
  • monitor and review your policy regularly.

How to implement the control

The UK government have some good guidance on how to comply with anti-bribery and corruption law. This can be found here.

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