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Global Insight

Compliance Models & The UK Bribery Act 2010

Thanks to Compliance, institutions are able to conduct their operations and activities ethically, with the highest level of integrity, whilst at the same time fulfilling all of the legal and regulatory requirements (known as external requirements) and all of the industry regulations, policies and procedures adopted by firms (known as internal requirements).

Nowadays, there is no question that putting in place an efficient and effective Compliance Management System (CMS) within institutions can diminish or even nullify the risk of penalties, lawsuits or the definitive closure of businesses.

In a few words, a CMS is a comprehensive program (consisting of processes, documents, controls, tools and functions) that helps an organisation to fulfill the legal requirements and therefore minimize or even eliminate harm due to legal infringements.

This article describes the current existing Compliance Models and explains about the UK Bribery Act 2010.

  • Florence, Italy, October 17, 2018 - October 20, 2018

    The 38th ABL Conference will be held in Florence, Italy, 17-20 October 2018.

  • Tokyo, Japan, May 1, 2019 - May 4, 2019

    The 39th ABL Conference will be held in Tokyo, Japan, Spring 2019.The exact dates are not known yet.

     

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