Transcription of Assessing the risk of bribery and corruption (2016) (1)
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Assessing the risk of bribery and corruption (2016) (1)
Therisk of briberyand corruptionto your business2016 PricewaterhouseCoopers, ABN 52 780 433 757 Darling Park Tower 2, 201 Sussex Street, GPO BOX 2650, SYDNEY NSW 1171T +61 2 8266 0000, F +61 2 8266 9999, limited by a scheme approved under Professional Standards the risk of bribery and corruption to your businessBased on results from PwC s 2016 Global Economic Crime Survey (GECS), bribery and corruptioncontinues to rate in the top four economic crimes experienced by organisations globally, and lookingahead Australian organisations are predicting a higher likelihood of bribery and corruption over thenext two years when compared with the global average. We also know from PwC s 19th Annual GlobalCEO Survey that the percentage of chief executives naming bribery and corruption as one of the toprisks facing their organisation has experienced a significant increase recently, from 51% to 56%.
The activities of Australian organisations are covered by the Bribery of Foreign Public Officials Act and may be further impacted by the Foreign Corrupt Practices Act (FCPA) and the UKBA if operating overseas. Each of these separate pieces of legislation contain slightly different provisions, as detailed in the table below: Key considerations ...
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The Prevention and Combating of Corrupt Activities Act, National Credit Regulations including, CRIMINAL LAW AMENDMENT ACT 105, Prevention and Combating of Corrupt Activities Act, Activities Act, ACT SUPPLEMENT No. 9 30 December, ACT SUPPLEMENT . No. 9 30 December, Activities, The Prevention and Combating