Implementing an Anti-Bribery and Corruption (ABAC) framework is crucial for companies in today's global business landscape to prevent, detect, and address unethical and/or unlawful practices.
While operating on a global landscape, it is crucial to promote transparent and ethical business conduct in to order to aspire investors' confidence. This can be achieved if we play our part and remain commited to the international undertakings that Mauritius has ratified, such as The United Nations Convention Against Corruption (UNAC).
The responsibility of oversight of bribery and corruption risks posed to the organisation lies on the board and senior management.
We can help your organisation manage your crime risks before problems happen by eliminating and mitigating threats to improve your control environments.
Our global reach and dedicated local teams allow us to design a solution to meet your unique challenges.
Why you should go above and beyond to implement an ABAC framework
Having a robust ABAC framework in place will help you:
Bridge any existing gap(s) while having an edge on competitors in attracting investors from several jurisdictions.
Prevent any administrative penalties on your institution from both local and international regulators
Avoid any personal liability for cases of bribery and corruption, especially in terms of cross border liability
Our services
Governance and Policies
Our team of experts will work closely with relevant stakeholders and senior management to provide your organisation with a tailored ABAC policy supplemented to reflect the specific size, circumstances and industry of the business.
Implementation
We will conduct the function of an independant anti-corruption compliance unit. The role of the unit will include:
- Setting up an anti-corruption compliance network with appropriate compliance contacts within the company to help design, deploy and control anti-corruption programme(s)
- Be involved in implementation of strategic projects
- Be involved in decisions made affecting the structure of the company, such as signing new contracts, mergers and acquisitions, major investments, seeking or engaging in new partnerships, and designing and marketing new products or services
- Conduct risk assessment and risk ranking
- Be responsible for drawing up the corruption risk map and submit each risk map update and action plan monitoring report to senior management (The CEO, the Board of Directors and/or the Risk Committee of the institution in question)
- Be responsible for defining and the implementation of adequate risk management measures
No business is immune to bribery and corruption, whether deliberate or not.
Our Forensics team will leverage on their experience and a wide range of tools and techniques to detect and investigate into cases of alleged bribery and/or corruption.
Investigate
Internal assessment of corruption risks is a diagnostics tool that seeks to identify systemic flaws which may provide opportunities for corruption. It differs from many other tools for assessing corruption in that it focuses on the potential for corruption rather than the perception, existence, or extent of corruption.
One of the key stages of such an undertaking is the internal assessment of corruption risks. It is conducted to determine the legal, organizational, and other measures to minimize the manifestations of corruption in the company. It also introduces control and management of detected corruption risks.
- Conduct internal investigations
- Identify risk areas.
- Assessment of reported cases with interviews and provision of a report containing recommendations.
- Identification of issues with the help of the PwC Technology team
Litigation support
We provide assistance before Court as expert witness.
Read more about our Forensic Services
There are several pitfalls a company can fall into when responding to an incident. The most dangerous of them is turning a blind eye and doing nothing.
Companies can emerge stronger from major incidents with a commitment to creating and maintaining a culture compliance and of acting ethically.
Identifying and remediating root causes:
We will assess the potential risk factors and will identify the gaps and potential areas for improvement. We shall performed a Risk Assessment and provide insights on:
- Timing of risk assessment;
- Frequency of risk assessment;
- Sources of risk identification;
- Collection of data;
- Procedures for risk assessment (e.g. quantification of risks);
- Persons included in the risk assessment (e.g. internal employees, business partners, external stakeholders);
- Identification, compilation and aggregation of information; and
- Internal and external reporting of outcomes
- Controls in place
- Systems used and whether any upgrades or improvements are required
- Policies / Training
Response Planning
Given the range of issues that a company must address to respond effectively to an incident, urgent engagement in crisis management and response planning is critical after an incident is first identified.
Crisis Management team will identify, scope and prioritise key issues and actions to formulate a plan of action by:
- allocating clear responsibilities for the response to the incident;
- setting protocols and expectations for investigating the incident and identifying all stakeholders;
- establishing a communications protocol for communications with all stakeholders
Independent Review of the Existing Framework:
Our team will review any existing ABAC and/or whistleblowing policy/framework and assess its effectiveness
