International laws regarding bribery and corruption have become more stringent over the past few years and infringements are fined with higher amounts. Regulators and law enforcement bodies around the globe are exchanging case-related information and there is a closer cooperation across jurisdictions.
We help our clients to prevent, detect and to properly respond to the risk of bribery and corruption.
A global telecommunications company was under a Deferred Prosecution Agreement (DPA) for three years after accusations of breaching the Foreign Corrupt Practices Act (FCPA), which caused the Department of Justice to impose one of the ten highest FCPA fines. Under the DPA, the company had to implement a thorough and state-of-the-art antibribery compliance program. The monitor had to assess the company’s compliance program and issue an annual report to the involved authorities.
KPMG’s global network supported in-country reviews by providing local expertise. The monitor could use KPMG’s reports and recommendations directly in its own reports to the involved authorities.
We work proactively to help you achieve compliance, or support your company to react to regulatory or law enforcement actions. We tailor compliance programs for bribery and corruption to each company individually so it fits the industry, relevant regulations, the company’s size, and its risk appetite. Drawing on our in-depth knowledge and experience, we can suggest enhancements to your compliance program.
A multidisciplinary team of professionals with hands-on experience will support you locally and internationally to adequately respond to bribery and corruption. With now over 40 accredited Forensic practices worldwide, we can help you in your efforts to achieve the highest level of integrity and to manage the cost and risk of litigation, investigations, and regulatory enforcement actions.
