International Chamber of Commerce (ICC) has launched an Anti-corruption Third Party Due Diligence guide for small and medium size entities.\u00a0SMEs are often on the receiving end of burdensome due diligence procedures of large multi-national companies. These requirements can be overwhelming and often companies feel they do not have sufficient resources to meet them.\u00a0This Guide aims to address these concerns and inspire Small and Medium size Enterprises (SMEs) to engage in due diligence by creating achievable and manageable due diligence goals.\u00a0Following the Guide a company can:<\/p>\n
SMEs must also develop robust anti-corruption ethics and compliance procedures to ensure they minimise the risk of corruption and adhere to international anti-corruption standards. Understandably, many SMEs are overwhelmed by the extensive international anti-corruption legislation and the complex ethics and compliance procedures in place in larger, multi-national companies. However, ethics and compliance does not necessarily need to be on a grand scale and supported by a dedicated legal department. There are manageable ways in which smaller companies can protect themselves by better managing corruption risks. A key element to a simple but effective ethics and compliance programme is due diligence.\u00a0This is the focus of this Guide which sets out what due diligence is, why it is necessary, when it is necessary and how it can be implemented to protect a company from the risk of corruption as much as possible.<\/p>\n
It provides practical advice on how SMEs can cost-effectively conduct due diligence on third parties they engage to perform services on their behalf. It focuses on corruption risks associated with engaging third party suppliers, contractors and consultants in an international and domestic setting and how those risks can be managed.\u00a0This tool will also assist SMEs create an effective due diligence procedure that fits into an overall ethics and compliance programme. For SMEs that do not have any ethics and compliance procedures in place, it can be considered a good starting point. The Guide can be used by any SME, of any size (even very small companies) or industry and it can be adapted so that the due diligence programme is tailored to the specifics needs and industry in which the company operates.<\/p>\n
ICC is the institutional representative of more than 45 million companies in over 100 countries. Through a unique mix of advocacy, solutions and standard setting, ICC promotes international trade, responsible business conduct and a global approach to regulation, in addition to providing market-leading dispute resolution services. ICC members include many of the world\u2019s leading companies, SMEs, business associations and local chambers of commerce. Read more about ICC here<\/a>!<\/p>\n Adoption of this Guide by SMEs will provide reassurance to prospective customers and can be used as evidence of an overall compliance commitment; the commercial benefits of which should not be underestimated.<\/p>\n This guide is also available in:<\/p>\n [\/vc_column_text][vc_empty_space][accordion_father][accordion_son title=”Speak up – report any illegal, unethical, or improper behaviour” clr=”#ffffff” bgclr=”#1e73be”]Ethics and Compliance Hotline is an anonymous reporting mechanism that facilitates reporting of possible illegal, unethical, or improper conduct when the normal channels of communication have proven ineffective, or are impractical under the circumstances. At CRI Group, we are committed to having an open dialogue on ethical dilemmas regardless.<\/p>\n We would like to introduce a new Ethics & Compliance Hotline. This hotline is available to all employees, as well as clients, contractors, vendors and others in a business relationship with CRI Group and\u00a0ABAC Group<\/a>.\u00a0If you find yourself in an ethical dilemma or suspect inappropriate or illegal conduct, and you feel uncomfortable reporting through normal channels of communication, or wish to raise the issue anonymously, use CRI Group\u2019s Compliance Hotline in below mentioned ways or provide us with your complaint online on the form below. The Compliance Hotline is a secure and confidential reporting channel managed by an independent provider. When reporting a concern in good faith, you will be protected by CRI Group\u2019s Non-Retaliation Policy.<\/p>\n [\/accordion_son][accordion_son title=”Prove that your business is ethical.” clr=”#ffffff” bgclr=”#1e73be”]Complete\u00a0ABAC\u00ae FREE Highest Ethical Business Assessment (HEBA) and evaluate your current Corporate Compliance Program. Find out if your organisation\u2019s compliance program is in the line with worldwide Compliance, Business Ethics, Anti-Bribery and Anti-Corruption Frameworks. Let ABAC\u00ae (powered by CRI Group) experts prepare a complimentary gap analysis of your compliance program to evaluate if it meets \u201cadequate procedures\u201d requirements under UK Bribery Act, DOJ\u2019s Evaluation of Corporate Compliance Programs Guidance and Malaysian Anti-Corruption Commission.<\/p>\n The\u00a0HEBA survey is designed to evaluate your compliance with the adequate procedures to prevent bribery and corruption across the organisation<\/strong>.\u00a0This survey is monitored and evaluated by qualified ABAC\u00ae professionals with Business Ethics, Legal and Compliance background. The questions are open-ended to encourage a qualitative analysis of your Compliance Program and to facilitate the gap analysis process.<\/p>\n [\/accordion_son][accordion_son title=”About CRI Group” clr=”#ffffff” bgclr=”#1e73be”]Based in London, CRI Group works with companies across the Americas, Europe, Africa, Middle East and Asia-Pacific as a one-stop international Risk Management<\/a>, Employee Background Screening<\/a>, In 2016, CRI Group launched Anti-Bribery Anti-Corruption (ABAC\u00ae) Center of Excellence<\/a> – an independent certification body established for ISO 37001:2016 Anti-Bribery Management Systems<\/a>, ISO 37301 Compliance Management Systems<\/a> and ISO 31000:2018 Risk Management<\/a>, providing training<\/a> and certification<\/a>. ABAC\u00ae operates through its global network of certified ethics and compliance professionals, qualified auditors and other certified professionals. As a result, CRI Group’s global team of certified fraud examiners work\u00a0as a discreet white-labelled supplier to some of the world\u2019s largest organisations.\u00a0Contact\u00a0ABAC\u00ae for more<\/a> on ISO Certification and training.[\/accordion_son][\/accordion_father]<\/p>\n [\/vc_column_text][vc_basic_grid post_type=”post” max_items=”12″ style=”pagination” items_per_page=”3″ item=”234″ initial_loading_animation=”none” grid_id=”vc_gid:1605689308060-9e4edd68-a073-0″ taxonomies=”41, 43″][\/vc_column][\/vc_row]<\/p>","protected":false},"excerpt":{"rendered":" International Chamber of Commerce (ICC) has launched an Anti-corruption Third Party Due Diligence guide for small and medium size entities.\u00a0SMEs are often on the receiving end of burdensome due diligence procedures of large multi-national companies. These requirements can be overwhelming and often companies feel they do not have sufficient resources to meet them.\u00a0This Guide aims […]<\/p>","protected":false},"author":1,"featured_media":8990,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15,24,12,146,10],"tags":[],"class_list":["post-1637","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-industries","category-all-regions","category-due-diligence","category-resources","category-third-party-risk-management"],"gutentor_comment":0,"yoast_head":"\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\n\n\n\n\t\nGET THE DOCUMENT HERE<\/a><\/h3>\n
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