Mitigating Ongoing Risk
November 12th, 2019
The Cornerstone of Anti-Bribery and Anti-Corruption Compliance
Risk is inherent in almost any activity and when conducting business across multiple jurisdictions; identifying and evaluating risk becomes an ongoing exercise. A risk-based approach to anti-bribery and compliance requires regular, ongoing risk assessment where the company makes available the resources to (1) identify risk, (2) analyze risk, and (3) take the necessary remedial steps to mitigate risk.
While many companies have become serious about adopting a compliance program, enforcement agencies have repeatedly stated that the efficacy of an ABAC program is linked with ongoing efforts to continually monitor risk.
So, what elements must be in place in order to ensure that your company’s compliance program covers the scope and level of risk at all stages of the compliance life cycle?
Download our Whitepaper to learn more.