GTDC Anti-Bribery/Anti-Corruption Platform
Anti-bribery and anti-corruption (ABAC) regulatory compliance is increasingly complex and extraordinarily costly for companies deemed to be in violation. Your supply chain may actually put you and your company at higher risk if you don’t take protective measures.
In the United States alone, for example, the Department of Justice and Securities and Exchange Commission continues to aggressively pursue and crack down hard on violators of the Foreign Corrupt Practices Act (FCPA). Fines and settlements are soaring as enforcement accelerates. Today, the FCPA dictates that your company can be liable if its third-party suppliers, consultants, subcontractors and other business partners violate anti-bribery or anti-corruption laws. Even if your company didn’t know those third parties were in violation. (See related video)
Brazil, the United Kingdom and many other countries are taking similar action with regard to their own current and emerging ABAC-focused regulations. In this era of heightened overall enforcement, you can’t afford to take chances. The GTDC Anti-Bribery/Anti-Corruption Platform can make a profound difference in support of overall compliance.
Protect YOUR Business and its Reputation
The Global Technology Distribution Council partnered with Hiperos and Thomson Reuters to create the GTDC Anti-Bribery/Anti-Corruption Platform. It combines processes and best practices developed by GTDC members with Hiperos’ award-winning third-party management software as a service (SaaS) solution and Thomson Reuters’ highly regarded screening, risk assessment and due diligence services.
The GTDC platform helps ensure your ABAC compliance as well as that of your participating suppliers and partners. It also reduces costs and increases efficiencies by eliminating the need to vet and monitor the same third party multiple times.
Take Action Now!
Even if you’re relatively confident that your company is meeting compliance standards, are you sure about your business partners and suppliers? It’s estimated that more than 60% of prosecutions occur because of violations pertaining to third-party relationships.
Contact the GTDC today for more information on the Anti-Bribery/Anti-Corruption Platform–and spread the word to your third-party partners. After all, the more companies that participate, the more efficiencies and cost savings your company will realize!
Safeguard Your Company
The GTDC Anti-Bribery/Anti-Corruption Platform provides many advantages in helping protect your company in today’s era of heightened international legislation and enforcement:
Secure – Create a due diligence standard aligned with regulatory expectations.
Efficient – Reduce your compliance costs through a global network that eliminates duplicate effort to vet partners.
Aligned – Reduce your liability risk by working with companies you know are in compliance.
Improved – Increase the overall effectiveness of your company’s anti-bribery and anti-corruption initiatives in the channel.
What you need to know now — featuring compliance legal expert Rebekah J. Poston, Partner, Squire Sanders (US) LLP.