A good reputation takes years to build—and just minutes to lose.
An allegation of bribery or corruption is one of the fastest ways a company can tarnish its reputation and cause untold stakeholder damage in today’s increasingly connected society.
Our recent economic crime survey found that 24% of global companies report having been victimized by bribery or corruption.
Despite attempts to foster a culture of ethics and compliance, business leaders find themselves up against constant risks and hazards: bribes, kickbacks and various third party corruption. Around the world, regulators and enforcement agencies are attempting to tackle corruption, and expanding the rules and regulations. And while regulators’ expectations of proactive and robust anti-bribery and corruption programs are increasing, so are the penalties for non-compliance.
You need to stay on top of these changes, and our forensics team, a selected monitor of World Bank Integrity Agreements, can help. We’ll advise you in building a compliance program, responding to an allegation or remediating a bribery or corruption incident—so you can focus on safeguarding your business, reputation and finances.
The World Bank estimates that over US$1 trillion is paid in bribes each year.
Be prepared before an incident happens
A proactive and robust anti-bribery and corruption compliance program can reduce the chances of an incident happening within your organization.
Our specialists have first-hand knowledge of the business, cultural, regulatory and threat realities across global markets. We’ll help you strategize and design a new compliance program or assess any potential blind spots through testing, monitoring and training. We also conduct third party due diligence so you have the information you need before making a business decision involving a third party.
Move forward with clarity and confidence
Whether an incident has occurred, or you suspect one has, you’ll need a globally experienced team to investigate with insight, speed and precision.
Our global network of technology-enabled forensic investigation specialists use data analytics tools and forensics technology to uncover facts and bring clarity to the situation. Our teams are ready to help you collect and analyze evidence, conduct interviews, perform computer forensics and gather intelligence.
The result? You and your counsel will be equipped with the data and insights you need to take control of the situation and move forward credibly and favourably with regulators.
Emerge with even more resilience
Take the opportunity to grow and increase resilience when recovering from an incident of bribery or corruption.
Our team of specialists has the global presence and credibility with regulators to help you address sanctions and fix known problems so your compliance program is aligned to leading anti-corruption global practices.
Increasingly, enforcement authorities are raising questions about whether appropriate tax treatment was made of alleged inappropriate or potentially corrupt payments. We can also help you by identifying the adequacy of support for tax treatment made of such payments.
Contact us
Territory Advisory Services Leader, PwC Trinidad and Tobago
Tel: 1 868 299 0705, Mobile: 1 868 391 3333
Territory Advisory Leader, PwC East Caribbean, PwC Barbados
Tel: +1 (246) 230 4147
