AB&C Compliance Programme Guidance Updated

17 April 2023

magnifying glass text reading anti corruption laptop keyboard

AB&C Compliance Programme Guidance Updated

The Wolfsberg Group has published updated Anti-Bribery and Corruption (AB&C) Compliance Programme Guidance, helping to promote a culture of ethical business practices and compliance with AB&C legal and regulatory requirements.

Developed alongside the Basel Institute on Governance and with input from Transparency International, the Guidance highlights the importance of taking a risk-based approach when developing and implementing AB&C programmes.

The Group provides guidance on measures which firms may wish to adopt, including:

Elements of an effective AB&C programme;
Governance;
Firm-wide policy;
Third-Party providers;
Principal investments & controlled fund acquisitions / joint ventures;
Anything of value;
Risk assessment;
Training and awareness;
Monitoring and testing for compliance with controls; and
Customer-related corruption risks.
The guidance also provides examples of corruption red flags in the document annex.

Firms should read the updated guidance document and take appropriate actions, as required.

Read the full guidance

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AB&C Compliance Programme Guidance Updated

17 April 2023

AB&C Compliance Programme Guidance Updated

The Wolfsberg Group has published updated Anti-Bribery and Corruption (AB&C) Compliance Programme Guidance, helping to promote a culture of ethical business practices and compliance with AB&C legal and regulatory requirements.

Developed alongside the Basel Institute on Governance and with input from Transparency International, the Guidance highlights the importance of taking a risk-based approach when developing and implementing AB&C programmes.

Speak to us to request a demonstration

Plenitude are Financial Crime, Risk and Compliance specialists, offering advisory, transformation services and innovative cloud-based RegTech subscription products.

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