Sentence examples for bribery risk from inspiring English sources

The Financial Services Authority said its review of the banks, including eight major global investment banks, had found that about half had an inadequate bribery risk assessment.

A survey published last month by Integrity Interactive found that bribery risk had become the issue of greatest concern among compliance officers and heads of legal departments at Europe's 100 largest companies.

Tim Boyes-Watson, director of Mango, set up 13 years ago to strengthen the financial management and accountability of NGOs, says time pressure is one of the single biggest causes of bribery risk.

Even a cursory glance at Transparency International's bribery risk map will show that the heart of the African continent is stained with the colors of corruption.

If there is an exposure of bribery risk, a company may be open to an unlimited fine if successfully prosecuted by the SFO.

"No organisation is immune from bribery risk, however organisations can demonstrate that they have adequate procedures in place to prevent bribery and the financial and reputational costs associated with it".

Indeed one of the greatest bribery risks and frustrating challenges for NGOs is interacting with authorities on cases of fraud or bribery.

Companies that can demonstrate conformity to an internationally-accepted anti-bribery standard may more easily attract business partners and investors who expect greater financial transparency and disclosure of activities to determine bribery risks.

Other steps include: undertaking a risk assessment of the bribery risks that you may face; doing thorough due diligence on agents, facilitators and others you may employ to act on your behalf in a foreign market; and communicating your policies on anti-bribery widely.

The UK ministry of justice has provided guidance on due diligence as it applies to the Bribery Act, which is set out in Principle 4. This states that organisations must apply "due diligence procedures, taking a proportionate and risk based approach, in respect of persons who perform or will perform services for or on behalf of the organisation, in order to mitigate identified bribery risks".

The study, covering 199 countries, measures bribery risks.