Monthly Archives: July 2018

ABAC spotlight

ABAC Centre of Excellence: Uniquely Positioned to Help Prevent Bribery and Corruption The International Monetary Fund estimates that $2 trillion in bribes is paid annually in both developing and developed countries. A Transparency International survey found that 27 percent of business people reported that they had lost business due to bribery by their competitors. Today, major violations of the Foreign Corrupt Practices Act (FCPA) call for fines 10-15 times larger than just 10 years ago, according to The Economist. These…

IS ISO 37001 CERTIFICATION WORTH THE EFFORT?

By Zafar Anjum, MSc, CFE, CII, MICA, Int. Dip. (Fin. Crime) Chief Executive Officer, CRI Group With an estimated $2 trillion in corporate dollars doled out annually to officials in the public and private sectors, the practice of bribery in the business world has approached near rampant proportions.  But the world is taking notice and responding in kind.  The enactment of the Foreign Corrupt Practices Act (U.S.) and the UK Bribery Act, among others, demonstrates that international governments, trade organizations,…

Call to Action

The UK Bribery Act, which was passed in 2010, introduces an offence of corporate failure to prevent bribery. The defence for a company against this liability is to prove that it had adequate procedures in place to prevent bribery. This Guidance from Transparency International UK (TI-UK) is designed to assist companies to comply with the Bribery Act by providing clear, practical advice on good practice anti-bribery systems that in TI-UK’s opinion constitute ‘adequate procedures’ for compliance with the Bribery Act….

ISO 37001 Anti-Bribery Management System Certification

The Most Powerful Tool an Organization Can Use to Demonstrate “Adequate Procedures” as an Effective Bribery Defense and Deterrent Strategy.  As the international outcry on bribery and corruption practices continues to tighten its grip around rogue players in the private and public business sectors, global organizations continue to ramp up their efforts to develop effective frameworks to prevent, detect and report bribery and corruption. And by fortifying their anti-bribery management systems, such organizations are further helping their own cause as…

ABAC CoE

Anti-Bribery Anti-Corruption Center of Excellence (ABAC®) (ABACgroup.com) – an independent certification body established for ISO 37001:2016 Anti-Bribery Management System, providing ISO 37001 ABMS training and certification. Its certification services are accredited by the Emirates International Accreditation Center (EIAC) for administering the ISO 37001:2016 anti-bribery standard.  

Anti-Bribery and Anti-Corruption

Anti-Bribery and Anti-Corruption Center of Excellence was created in response to provide you with invaluable information, certification, training resources and foresight into the forces that guide and dictate our everyday work life:  The ongoing quest for solutions, balance, and insight into the oftentimes chaotic world of anti-bribery and corporate corruption compliance. The international nature of business today dictates an increasing demand for proactive measures designed to reduce the exposure of organizations to economic crime and civil wrongs, particularly in the…

The 3rd Anti-Bribery & Anti-Corruption Summit 2019

Setting The Tone at the Top We’re All Paying a High Price for Corporate Corruption $2 Trillion Bribes Paid Annually by Rogue Businesses $2.6 Trillion Stolen Through Corrupt Business Practices $3.7 Trillion Annual Cost of Fraud to Organizations Worldwide    Know the Facts: Worldwide corporate corruption continues to disrupt socioeconomic progress in developing nations. From multi-national companies to high-ranking government officials, the tentacles of corruption reach far and wide. Corruption weakens governments, fuels organized crime, stifles economic growth and discourages…

ISO 19600 Compliance Management System

ISO 19600:2014 Compliance Management Systems Navigating a Sea of International Compliance Standards to Build a Framework for an Effective Strategic Compliance Program How is Your Company Keeping Up with International Regulations? The U.S. Foreign Corrupt Practices Act (FCPA). The Good Practice Guidance on Internal Controls, Ethics and Compliance (OECD).  The Anti-Corruption Ethics and Compliance Handbook for Business (OECD).  The UK Bribery Act 2010.  The British Ministry of Justice’s Adequate Procedures document. So many laws and regulations.  So little resources available…