According to an estimate by the World Bank Institute, corruption is a global epidemic that costs the economy more than 1 trillion USD annually.
Corruption takes many forms and can pervade every human endeavour where temptation and opportunity meet. Today, companies with global operations face a huge risk of bribery and corruption while doing business.
With the advent of strict domestic as well as foreign bribery laws such as the US Foreign Corrupt Practices Act (US FCPA), UK Bribery Act (UKBA), etc their increasing enforcement, the imposition of record fines and criminal penalties have been sending shock waves through the business community. Latest to join this force are multilateral development banks (MDBs) who have also escalated their campaign against fraud and corruption on projects financed by them.
As regulators and stakeholders become less tolerant of lapses, responsible companies need to understand that they must undertake continuous efforts in order to identify as well as mitigate the risks of bribery and corruption effectively.
We can help you comply with the law
We can help you create awareness
We can help you assess successor liability
We can help you respond to regulators
Our team has conducted over 250 multi-sectoral anti-bribery and corruption programmes, including the largest ever FCPA compliance and investigation engagements in India.
Our senior management has pioneered as well as established the concept of corporate intelligence services in India. With a collective due diligence experience of 200+ person years, we have access to over 16,000 national and international data sources pertaining to various geographies.
© 2018 - 2019 PwC. All rights reserved. PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.