![]() ![]() designed, implemented and enhanced on an ongoing basis in line with a detailed, documented and ongoing risk assessment. The consistent message from enforcement authorities around the world is that an ABC compliance programme needs to be demonstrably risk-based, i.e. to maintain financial crimes systems and controls). ![]() A genuinely risk-based compliance programme helps to achieve both the primary objective of a compliance programme (preventing ABC issues occurring), the secondary objective (providing a potential defence to liability or otherwise a plea in mitigation where ABC issues do arise) – and where relevant, meeting any applicable regulatory requirements (e.g. By Andrew Reeves (UK), Claudia Culley and Stuart Neely (UK) on MaPosted in France, Germany, Investigations and enforcement, Italy, Regulation and Compliance, Regulation and compliance, Regulation and compliance, Regulation and Compliance, Regulation and compliance, Regulation and compliance, The Netherlands, United Kingdom, United StatesĪnti-bribery and corruption ( ABC) risk assessments are the cornerstone of an effective compliance programme, ensuring that compliance resources are focused on the most significant ABC risks faced by the business. ![]()
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