Anti-Bribery & Corruption

Bribery is often described as the act of giving, offering, promising, accepting, requesting or authorizing anything of value, with the intent that a person who is trusted or expected to act in good faith or with impartiality, performs that function improperly or in order to obtain or retain an advantage in the course of business. Bribery is limited to the giving or acceptance of illegitimate advantages or payment.

Corruption basically includes any illegitimate use of office for personal benefit, and may include a range of different types of crimes such as bribery, extortion, fraud, deception, collusion, money laundering etc.

Bribery and corruption remain major issues despite global effort to combat the crime. The World Bank estimated global yearly bribe payment at over $1 trillion US dollars.

Given the huge negative impact of bribery and corruption on global financial systems, many nations have implemented Anti-Bribery and Corruption regimes and enacted laws (such as the UK Bribery Act 2010, US Anti-Kickback Law, Nigeria Corrupt Practices and other Related Offences Act 2000 etc.) criminalizing bribery and corruption. Consequently, organizations that lack effective anti-bribery and corruption programs are at risk of huge fines, reputational damage, or total loss of charter.

FCRM Limited’s anti-bribery and corruption experts have over the years garnered the most sophisticated skills, working on major global antibribery and corruption engagements. We are swift to identify bribery and corruption risks, and designing the appropriate controls. We deliver and implement fit-for-purpose anti-bribery and corruption compliance program for our clients across Africa.