Discover why 50,000 professionals have already switched to easy2comply
Foreign Corrupt Practices Act of 1977UK Anti-Bribery Act
Introduction
• In spite of some broad and some minor differences between the FCPA and the UK Bribery Act, there is a wide overlap between the two sets of requirements
• Firms can ease the management and review of their obligations using the easy2comply Risk Management software
Software Focus
• The easy2comply software is focused on these areas:
1. Corruption and Bribery Risk Assessment
2. Internal Control Monitoring
3. Policy Dissemination and Sign Off
4. Incident Management
5. Anonymous Whistleblowing
• The following slides will take you through each point
Corruption and Bribery Risk Assessment
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Corruption and Bribery Risk Assessment
• Create a “map” of your company
• Focus on troublesome areas such as:
– Third parties
– Known countries
– Agents
• Identify potential risks
• Assess risks based on:
– Severity / Likelihood
– Customised Scorecards
Business Structure
• No limitation to hierarchy
• Create easy visual representation of business model
• Simple user access model ensuring people can only see / edit what they are allowed to
Risk Profiling (Scorecards)
• Flexible scorecards – build your own question sets, answers and scoring methodology
• Ensures consistency and standardisation
Specific Risk Identification and Assessment
• Add your own risks
• See risks listed neatly and concisely
• Each risk can be explored for a much richer analysis
Clear Risk Documentation
Risk Assessment
• Impact and Likelihood assessment
• Residual Risk based on implemented controls
• Different methodologies available
Benefits of Risk Assessment
• Easily identify based on risk assessment where the most problematic areas are
• Share Risk Assessments with people from across the company, no matter where they are
• Generate charts and Excel reports
Internal Control Monitoring
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Internal Control Monitoring
• Build dynamic library of controls
• Assign responsibilities for checking the controls
• Document evidence on frequent basis
• Attach files and documents as part of information gathering process
Control Libraries
• Add your own controls
• See who checked them and when
• See when they are next due for testing
Control Documentation
Create a Test Plan
Document Findings and Recommendations
Upload Attachments as Evidence
Easy Reporting
Benefits of Internal Control Monitoring
• All data is time-stamped and user-stamped, ensuring full traceability and auditability
• People can work in parallel
• Evidence uploaded directly into the software
• Makes it very easy to demonstrate that there is a proper and formal process to manage controls
• Automated notifications and alerts
• Simple reporting and charting
Policy Dissemination and Sign Off
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Policy Review
Track the Policy Team
Management Signatures
• Track who has signed off on the policy in real time
• Monitor those that haven’t signed
• Creates a digital signature
Policy Sign Off Benefits
• Proof that management have seen and reviewed the policy
• Track who has signed and who hasn’t
• Include questionnaires (if desired) to ensure the policy is understood
Incident Management
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Incident Management
• Identify new and old incidents relating to fraud and corruption
• Track the investigation and remediation process
• Demonstrate to officials that there was clear ownership and accountability from the moment the issue was identified
Incident Database
• Build database of fraud and corruption related events and incidents
• Filter by location, business and date
Document the Incident
Draw Conclusions and Recommendations
Incident Management Benefits
• Anywhere in the world, incidents can be created and entered into the database
• Document proof that necessary steps and measures were taken
• Build a library of lessons that can be learnt and shared with other business groups
Anonymous Whistleblowing
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Anonymous Whistleblowing
• Anyone can record a “potential event” relating to fraud, bribery and corruption
• Registrants do not need to log in to a software nor do they need to provide their details
• All whistleblowing events will be distributed to a pre-determined group within the company for further analysis
Where do I record the Event?
• Application homepage
• No need to log in to the software
• Page can be added to client corporate intranet page as well
What do they fill in?
• Fully configurable form
• Fields determined by company
• Default form can be seen here
Anonymous Whistleblowing Benefits
• Allows all individuals and employees peace of mind when recording incidents
• Company can track potential events as they are identified
• Prove to regulator that best efforts were made to provide a safe space for the reporting of events
For more information on the UK Bribery Act or Foreign Corrupt Practices Act, please contact:
Jeremy Kaye [email protected]
Sales [email protected]
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