Money

Compliance & Anti-Corruption

In the climate of international crime and terrorism, the world’s governments have been busy creating laws to regulate business. Prosecution for corruption, bribery, money-laundering and price-fixing are now commonplace and can result in heavy fines or imprisonment. Honest companies and their staff have been caught in the crossfire and are under constant scrutiny by the authorities. Under this climate of strict regulation, it has become imperative for a business to have a well drafted, solid Compliance and Anti-corruption Policy.

Under the UK’s Bribery Act 2010 it is an offence if your company fails to prevent any associated person from bribing another party on the company’s behalf. This means that the company and its directors can be found guilty even if the bribe was paid by an agent or intermediary outside of the company’s control. This applies worldwide! The company’s only defence will be to show that it had ‘adequate procedures’ in place to prevent such persons from committing bribery.

LK Baltica will work closely with your organisation to develop a suitable Compliance and Anti-corruption Policy tailor-made to your company’s specific requirements. After an initial assessment of your business, we shall formulate a policy and programme to enable you and your staff to identify and prevent any conduct which may amount to corporate malfeasance. This will apply to procedures both within your organisation and also in respect of your dealings with outside agents and associates.

Anti-corruption and corporate compliance is a continuing and on-going process which requires regular review and appraisal. Once therefore we have drafted your policy and helped to implement it, we will continue to provide advice and training.

Compliance is now a serious and unavoidable requirement for every business. Having a solid and coherent compliance policy in place will reduce your exposure to risk and will also make your business more attractive to its customers, partners and stakeholders.



CONTACT US TO DISCUSS YOUR REQUIREMENTS