Anti-Bribery and Corruption (ABC) services
Helping organisations strengthen their compliance framework
Bribery and corruption continue to pose a significant fraud risk for businesses worldwide. In India, a considerable share of reported fraud cases involve elements of corruption or bribery. Even at a global level, corruption imposes a substantial and enduring economic and societal burden, underscoring the scale and persistence of the risk.
Prosecutors and regulators across the globe are becoming increasingly active in enforcing anti-corruption legislation. With the recent upward trend in corruption cases, combined with the changing regulatory landscape, governance standards, stakeholder expectations, and public sentiments around bribery and corruption, organisations and compliance officers need to relook at their compliance framework and establish a robust anti-corruption programme.
Organisations are not only required to ensure ABC legal compliances apply to them but also prevent the likelihood of reputation or financial damages due to bribery or corruption-driven incidents. They should take a proactive approach to create an ethical environment within the organisation.
How Deloitte can help
The amendments in the ABC regulatory space are a reminder that bribery and corruption continue to pose challenges to ethical business conduct. Deloitte has been working with organisations in India for many years to help them build robust ABC compliance programmes, identify suspicious activities, and respond to regulator queries. We work on the globally acknowledged “Adequate procedures”guidelines to build and review programmes.
Aakash Sharma | Managing bribery and corruption risks
Watch Aakash Sharma, Partner – Forensic & Financial Crime, Strategy, Risk & Transactions, Deloitte India, as he shares insights on how bribery and corruption have emerged as major fraud risks today, and how regulatory authorities across the world are placing increased emphasis on these issues and collaborating to combat them.
Nikhil Bedi
K. V. Karthik
Aakash Sharma
Navaz Dubash
