Charitable donations are often used as a conduit for making bribes
While many large corporations strive to support worthy charitable causes across the world as well as the local community, it is important that staff are aware of the types of donations that are acceptable. It is also important that charitable donations made go directly to the charity and are not benefited by a political party or campaign. Charitable donations are often used to make bribes. Therefore, having a charitable and political donations policy in place will help ensure that donations to charities are made appropriately and don’t fall into the wrong hands.
VinciWorks’ charitable and political donations policy can be downloaded for free by clicking the button below. The template can easily be edited to suit your organisation’s industry and procedures. As well as creating a policy, it is also important staff undergo the appropriate anti-bribery training to allow them to identify suspicions of bribery.
Download policy template
How does your organisation collect and process all gifts and corporate hospitality that are given to your staff? How do you keep track of all the gifts given to and received by staff to current or potential clients?
Regulators in many industries including legal, pharmaceutical, construction, education and financial services demand that organisations collect, analyse and report on legal and compliance requirements to mitigate bribery risk. Further, professional services firms’ clients often expect their firms to have in place training and registers for Gifts and Hospitality.
Globally, organisations are bound by complex and ever-changing legal and compliance obligations. Without a structured and secure data collection system, organisations waste time and resources ensuring compliance and uncovering business intelligence. Omnitrack is VinciWorks’ solution to collecting, storing and managing data. It allows managers to be instantly notified of any gifts that are given or received, thereby enabling them to make an informed decision on next steps.
New anti-bribery training from VinciWorks
Anti-Bribery: Know Your Deal drops users into immersive scenarios to test their knowledge, understanding and ability to uncover risks of bribery in their working life.
Despite the UK Bribery Act having come into force in 2010, bribery is still a hugely problematic issue in corporate life. Billions of pounds of fines are levied every year and frequent reports hit the headlines of investigations and prosecutions from the US Department of Justice and UK Serious Fraud Office.
Bribery cases have ensnared some of the world’s largest companies, biggest sporting bodies and most powerful politicians. The propensity for some people to act corruptly might never change, but our approach to training and compliance can.
In Anti-Bribery: Know Your Deal, users face a set of realistic characters and scenarios from all walks of life, some of whom may be trying to offer, or ask for, a bribe. It is up to users to assess each situation and decide on the best course of action based on company procedures and the law.
Demo the course
Does your organisation have an up-to-date gifts and corporate hospitality policy in place? Are you able to easily register any gifts you receive or give? Having an up-to-date gifts and corporate hospitality policy in place will help you comply with your responsibilities under the Bribery Act and other anti-corruption legislation.
What should be included in a gifts and corporate hospitality policy?
The purpose of such a policy is to ensure that your organisation and its employees comply with the anti-bribery and corruption policy, bribery laws and best practice in combating corruption in all of the countries and business areas in which you operate. The policy should complement your organisation’s bribery and corruption policy. Here is some guidance on what the policy should include.
After a successful 2017 that saw over 170,000 course completions, we are excited to present our tentative plan for our new course releases and updates planned for 2018. Every year, Vinciworks plans its course schedule based on a combination of client feedback and prevalent compliance issues.
Updated cyber security training suite with two new courses
After several high profile cyber attacks exposed millions of systems in 2017, VinciWorks is set to release two mini courses to help staff protect themselves and their organisation from the latest threats. Each course can be completed in just five minutes. The two new courses are:
The past 18 months has seen high profile scandals and huge fines in anti-bribery cases. This includes luxury car manufacturer Rolls-Royce’s £671m settlement in January 2017 after being found guilty of paying bribes including millions of pounds in cash and luxury cars to secure orders.
Companies should have strict policies in place to ensure all employees understand the steps they need to take to ensure their company cannot be found liable of bribery or corruption. The policy should apply strictly to all employees, partners, agents, consultants, contractors and any other people or bodies associated with the organisation. VinciWorks has therefore created an anti-bribery and corruption policy that can easily be edited to suite your organisation’s staff and industry.
VinciWorks attended a recent event hosted by Thomson Reuters titled Modern Slavery, Bribery and Corruption. The international panel included Nick Grono, CEO of the Freedom Fund, Dan Viederman, CEO of Verité, Duncan Jepson, CEO of Liberty Asia, Martina Vandenberg, Founder and President of the Human Trafficking Pro Bono Legal Center and Mike Harris from World-Check.
The panel – which coincided with the publishing of two new reports: Modern Slavery and Corruption and An Exploratory Study on the Role of Corruption in International Labour Migration – focused on the relationship between modern slavery and corruption. The discussion provided an overview of the current legislation around the world, including the Foreign Corrupt Practices Act, which has been used effectively in the United States to prosecute human traffickers.
The key takeaway from the discussion was that slavery can only take place when corruption is present. At some stage in the process, someone must turn a blind eye, pay a bribe or falsify records to facilitate human trafficking or forced labour. Organisations should never be able to say “we were not aware” because the warning signs and the records of corruption are almost always there to be found. Continue reading