We take care of your anonymity.
We take care of your anonymity.
Compliance is a great concept. In the context of business, it refers to many key areas, including anti-corruption, national and international laws, regulations, rules, and principles.
Compliance is beyond the legal requirements as it reflects corporate culture of the company, its acceptable values, relationships, goals and practices that promote ethical behaviour when implementing business goals.
What is Anti-Corruption Compliance?
Commercial corruption occurs as a result of dishonest deals between the state officials or companies. Anti-corruption compliance means the transfer of global anti-corruption principles and standards as well as national laws to local practice as every country in the world has national legislation envisaging criminal liability for corruption.
Anti-Corruption Compliance Program should be an integral part of the company’s most complex infrastructure.
A comprehensive solution for the development of compliance program that is suitable for all companies does not exist because it should be based on the company’s specific risks, sizes, and other circumstances.
In order to prevent, detect and eliminate infringements in companies, any effective compliance program should include the following elements.
Source: Center for International Private Enterprise
Alisa Chilingaryan