How to Avoid Corruption From Occurring in Business

• Overview
• Credits

Learn how to identify red flags that increase your company's exposure to corruption risks.This information will help those responsible for anti-corruption compliance gain a better understanding of the FCPA and how it may apply to their company. The material will discuss recent enforcement trends and elements of an effective anti-corruption compliance program. The material will also provide insight into identifying corruption/ bribery red flags across a business' global operations and focus on internal control red flags which the regulators have cited in recent enforcement actions.

Authors

Avneet Kohli, PricewaterhouseCoopers LLP Koutayba Yamak, PricewaterhouseCoopers LLP

Agenda

Global Economic Crime Survey Results 2020

FCPA and How It May Apply to Your Company

• What Is FCPA?

• Enforcement Trends

Detecting Corruption

• Red Flags

• Focus on Internal Controls

Preventing Corruption - Anti-Corruption Compliance Program

• Culture of Compliance

- Tone at the Top

- Policies and Procedures

- Training and Continuous Advice

- Incentives and Disciplinary Measures

- Third-Party Due Diligence and Payments

- Confidential Reporting and Investigation

• Conducting Corruption Risk Assessment

• Continuous Monitoring

- Data Analytics/Artificial Intelligence

- Compliance Audits