<img src="https://certify.alexametrics.com/atrk.gif?account=b2hlr1ah9W20em" style="display:none" height="1" width="1" alt="">
    Get started

    Corruption affects all countries, rich and poor. It causes instability, inequality, and poverty, eroding national wealth. Despite the UK Bribery Act coming into force in 2011 as one of the toughest anti-bribery laws in the world, bribery still remains a significant risk for organisations in the UK. Almost a quarter of businesses have experienced bribery and corruption in the last three years, according to PwC's Global Economic Crime Survey 2018.

    So what can you do to reduce the risk of bribery and corruption in your company?

    Here are our best practice tips.

    1. Update your anti-bribery and anti-corruption policies

    Make sure staff understand your company's rules and expectations around bribery and corruption. They need to do know what is and isn't acceptable in relation to gifts, hospitality, donations, sponsorship and political donations.

    Make sure you have the appropriate guidelines and processes in place and offer regular training to remind staff of these.

    2. Get the tone 'from the top' right

    To ensure compliance, you need to set the right message from the top. Remind all employees that bribery and corruption won't be tolerated and anyone found guilty will face the highest sanctions. 

    The key thing is that senior management practise what they preach and create a culture where people buy into the company's anti-bribery ethos.

    3. Embed ABAC principles in corporate culture

    Refer to Anti-Bribery and Corruption (ABAC) in company handbooks, reports, and training. Set ground rules upfront by including ABAC clauses in all supplier contracts, along with appropriate termination clauses for suspected breaches.

    Finally, communicate to staff how important they are in preventing bribery and empower them to play a role in maintaining compliance - for example, by outlining whistleblowing procedures and red flags to look out for.

    4. Make sure any gift or hospitality you give or receive meets 3 important criteria

    Any gift or hospitality a person gives or receives must:

      • Have a legitimate business purpose (there's a legitimate business purpose)
      • Be proportionate (ie reasonable and not unduly lavish)
      • Be transparent (declared in the company's Gift and Hospitality Register)

    5. Conduct due diligence on all third parties 

    This includes agents, intermediaries, consultants and associates. Carry out checks to verify that they are who they claim to be, have the appropriate credentials, and ensure they are approved first at senior management level.

    6. Watch out for red flags

    Red flags might include:

      • performing no service other than 'facilitating'
      • abnormally high fees or commission
      • an insistence on urgency or confidentiality
      • having no track record
      • an insistence on meeting without company representatives being present
      • requesting advance or cash payments
      • requesting payment via third parties
      • operating in a country or territory with perceived high corruption

        Blog: 6 red flags to help you spot bribery and corruption in the workplace7. Take extra precautions when dealing with foreign public officials

    Don't offer cash or anything of value to a foreign public official or anyone closely related to them, including charities or voluntary organisations run by their spouses.

    8. Avoid facilitation payments

    Don't make facilitation payments to speed up the performance of a function by a government official, unless you are physically threatened.

    9. Report concerns immediately

    Staff need to be aware of who to report to and how if they have witnessed or suspect bribery. They should be able to speak to their manager or report it via your company's established whistleblowing channels. There's no need to gather more evidence. Let them investigate.

    Bribery is a very significant problem - one that can result in huge fines for companies and individuals and even imprisonment. Don't let this be a reality for your business.

    Leave a comment


    eBook: Essential Uncovered

    Skillcast Essentials is our best-selling library and there's a reason for that. Essentials library provides comprehensive coverage of the key compliance / conduct issues that companies in the UK face today.

    Request now

    Strategies for improving the quality of compliance assessments

    Assessments are critical components of corporate compliance programmes. They are used to evidence employee awareness and competence to internal stakeholders and regulators. They can also be used for ...

    Read More
    What’s the debt for accounting fraud? A spotlight on recent scandals

    Accounting fraud is by no means a new phenomenon, but it is is under intense scrutiny from governing bodies and the UK government. The UK law allows for prosecution of corporate fraud under three ...

    Read More
    9 ways to reduce the risk of bribery and corruption

    Corruption affects all countries, rich and poor. It causes instability, inequality, and poverty, eroding national wealth. Despite the UK Bribery Act coming into force in 2011 as one of the toughest ...

    Read More
    Highlights from the GDPR 2019 Summit

    Almost a year on from the implementation of the GDPR, Skillcast held a breakfast forum for its clients at South Place Hotel. During this session, Skillcast gave a breakdown of the new GDPR Library of ...

    Read More