Category Archives: Relevant Regulatory

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,…