Managing third party compliance

Managing third party compliance

ETHIC Intelligence Essentials on Anti-corruption Compliance

 

All international anti-corruption conventions hold companies responsible for corrupt acts  whether they are carried out by themselves or by third parties working on their behalf.

National anti-corruption laws have adopted this definition quite explicitly.

When a third party pays a bribe, the company must prove that it took all necessary precautions in accordance with international best practices to ensure the third party’s integrity […]

 

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Tags : company liability vis-à-vis third parties, the transposition of international anti-corruption legislation regarding third parties, third party anti-corruption due diligence, anti-corruption and sales agents