Anti-Corruption Certification

To get certified

Glossary of terms used on this site

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Term Definition
Indirect corruption

A bribe is paid by a third party working on the company’s behalf. The company is liable for the behavior of its third parties

Instrumentality

Something that serves as an intermediary or agent through which one or more functions of a larger controlling entity are carried out: a part or branch especially of a governing body. In the US, the DOJ and SEC have construed “instrumentalities” to encompass State-Owned Enterprises (“SOE”). In the eyes of the DOJ and SEC, officers and employees of SOEs are all “foreign officials” under the FCPA

Integrity

The quality of being honest and having strong moral principles

Internal controls

A process for assuring achievement of an organization's objectives in operational effectiveness and efficiency, reliable financial reporting, and compliance with laws, regulations and policies

ISO 19600:2014 standard on compliance management systems

Provides guidance for establishing, developing, implementing, evaluating, maintaining and improving an effective and responsive compliance management system within an organization

ISO 37001 standard on anti-bribery management systems

A management standard to help organizations in preventing corruption, by establishing a culture of integrity, transparency and compliance. It is a set of requirements

Italian Law Decree 231

States that legal entities, including limited companies, may be held liable – and therefore sanctioned by financial means or criminal proceedings – in relation to certain crimes which are committed or attempted in Italy or abroad in the interest or for the benefit of a company. Foreign and national companies are treated the same