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News & Press: International Trade News

New online tool to help tackle bribery and corruption

02 October 2018  
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business person refusing a bribe

Transparency International UK has launched a new online tool, designed to provide businesses with practical and in-depth guidance on tackling bribery and corruption.

The new Global Anti-Bribery Guidance draws on the expertise of leading compliance and legal experts over the course of eight years, the free-to-use resource is available for businesses seeking international best practice. The tool is now available at www.antibriberyguidance.org

Powerful anti-bribery legislation has helped to create a demanding international baseline in anti-bribery compliance.  New legislation such as Argentina’s new corporate liability statute (2017), Sapin II in France (2016) and Brazil’s Clean Company Act (2014), are spreading the net wider than even the US FCPA and the UK Bribery Act. There is accordingly a greater need for multinational companies to adopt global standards which are consistent across all their operations in order to allow them to operate legally and ethically around the world.

The tool can be used to allow any company to benchmark their own approach to tackling bribery against Transparency International’s recommendations and can be used by businesses at all stages of the development or improvement of their anti-bribery program.

As recent scandals have shown, even highly respected companies can be revealed to be relying on bribery and corruption to conduct their business. It’s almost inevitable that strengthening either the culture, governance or anti-bribery program within these companies would have prevented such incidents or at least provided an early warning.