Compliance – Anti-Corruption and Economic Crime

Given the legal and other risks associated with a corruption incident or financial irregularities, an increasing number of companies and other organisations are choosing to create and strengthen their internal regulatory frameworks and preventive measures. This will become even more significant for companies with international operations, given the proposed amendments to the bribery legislation, which include a new offence, negligent financing of corruption. Under the proposal, the new rules are set to enter into force in January 2027.

The procedures and other preventive measures required depend on the risks present in each individual organisation. These risks depend, amongst other things, on where in the world the organisation operates, whether permits or similar approvals from local authorities are required, and whether third parties are used for business dealings or for contacts with local authorities.

We assist our clients in assessing, for example, the risk of bribes being offered to, or received by, someone within the organisation, or the risk of the organisation being used for money laundering or other irregular purposes. Based on the risk assessment, we can assist with the revision or drafting of fit-for-purpose, bespoke policy documents, as well as training for the organisation’s staff and management.