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All entrepreneurs run the risk of involvement in corruption scandals. Increasing national and international regulatory pressures, such as those imposed by the US Foreign Corrupt Practices Act (FCPA), the UK Bribery Act and international organisations such as the European Commission, OECD, the United Nations, the World Bank and Transparency International, make it imperative to implement integrity and anti-corruption measures.
Effective risk management can protect you from criminal prosecution, fines and imprisonment and also prevent reputation damage. This is something we can help you with.
It is important to know that in the Netherlands companies can be held liable for illegal actions committed by their agents, representatives and intermediaries at home and abroad. So even if your company follows all the rules, there are still risks.
To prevent corruption it is necessary to increase knowledge and awareness throughout your organisation. A robust and effective anti-corruption compliance programme can help reduce the risks of corruption. Among other things, you can investigate the practices of your domestic and foreign (sales) agents, consultants, intermediaries and other representatives. If you suspect that bribery has been committed either within your organisation or by a foreign representative, make sure that you remain in control and arrange for the situation to be investigated under the supervision of the highest regulatory authority.
We at PwC can provide optimal support in helping you deal with (suspected) bribery. We can also help you assess the risks of bribery within your organisation. Our international network enables us to take swift and immediate action with due regard for local culture and customs and due observance of legislative and regulatory requirements. We can assist with: