Anti-Corruption & Prohibited Payments Program
Upholding Global Integrity Through Robust Anti-Corruption Practices
Our Anti-Corruption & Prohibited Payments Program standard ensures compliance with global anti-corruption and anti-bribery laws for business units operating outside the US. It establishes guidelines to prevent prohibited payments to sanctioned parties, supported by regular compliance training and clear policies.
Who: President, Finance Leader
Measurement: Assessment against capabilities and controls
Frequency: Annually
The Anti-Corruption & Prohibited Payments Program standard is essential for maintaining ethical business practices and legal compliance in our international operations. Key components include:
• Compliance Framework: Establishing clear guidelines aligned with global anti-corruption and anti-bribery laws.
• Prohibited Payments Prevention: Implementing processes to avoid payments to sanctioned parties.
• Regular Training: Conducting ongoing compliance training for relevant personnel.
• Policy Development: Creating and maintaining comprehensive anti-corruption policies.
• Risk Assessment: Regularly evaluating corruption risks in different markets.
• Due Diligence: Implementing thorough vetting processes for business partners and transactions.
• Reporting Mechanisms: Establishing clear channels for reporting potential violations.
• Monitoring and Auditing: Regularly reviewing compliance with the program.
This standard helps protect our organization from legal, financial, and reputational risks associated with corruption, ensuring sustainable and ethical global operations. It adapts to the specific needs of each business unit while maintaining consistent corporate standards.
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