Anti-Bribery and Corruption Policy
An Anti-Bribery and Corruption Policy provides guidelines for preventing bribery and corruption in a company's operations. Using this policy helps protect your company by ensuring that you can address such conduct before it can damage your company or expose you to a breach of the law.
4.8 (13 reviews)
Last updated January 13, 2025
Under 10 minutes
Suitable for Australia
Written by
Edwin Montoya Zorrilla
Reviewed by
Damin Murdock
Document Overview
This Policy provides clarity about what constitutes an actual or perceived bribery or corruption, and communicates a process for disclosing any such conduct to the company. It also outlines the consequences of partaking in such conduct, and contains optional references to any relevant policies the company may have.
Note: this policy is not drafted with consideration to the requirements of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth). If you are seeking to comply with those requirements, we highly recommend you seek legal advice.
The Legal Risk Score of a Anti-Bribery and Corruption Policy Template
Our legal team have marked this document as low risk considering:
- The policy can be changed at any time.
- The document imposes significant responsibilities on all parties involved, including the necessity for accurate record-keeping and reporting of any suspicious activities, which if not adhered to, could potentially expose the company and individuals to legal scrutiny.
- The policy requires thorough due diligence and monitoring of third parties, which could be resource-intensive and potentially strain business relationships if not managed carefully.
Overall, this document appears to be robust in addressing compliance with anti-bribery and corruption laws, positioning it as less risky compared to other legal documents that might not provide such comprehensive coverage. However, the stringent requirements and the broad scope of application necessitate a strong understanding and diligent management from users to ensure effective implementation and to mitigate associated risks.
Anti-Bribery and Corruption Policy Checklist
Complete your free Anti-Bribery and Corruption Policy with our checklist
Ensure Awareness and Understanding
All employees, contractors, and third parties should be thoroughly informed about the policy and trained on its implications and their specific responsibilities.
Implement Monitoring and Review Systems
Set up regular monitoring and auditing mechanisms to assess compliance with the policy and adapt practices as necessary to align with changing laws and regulations.
Establish Reporting Channels
Create clear and confidential channels for reporting suspected violations of the policy, ensuring that all members of the organization know how and where to report.
Conduct Periodic Risk Assessments
Regularly perform risk assessments to identify and address potential areas of vulnerability to bribery and corruption within the company's operations and activities.
What does this Anti-Bribery and Corruption cover?
- The company's values and the scope of this policy's application;
- What kind of conduct is considered bribery or corruption;
- The responsibilities of different parties for preventing bribery and corruption;
- Protection given to those who blow the whistle on bribery or corruption; and
- The consequences of partaking in such conduct.
View Sample Anti-Bribery and Corruption Policy
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