Anti Bribery & Anti-Corruption DD

Viewing 7 posts - 1 through 7 (of 7 total)
  • Author
    Posts
  • #52619
    Liwei Wang
    Participant

    The failure to conduct anti-bribery and anti-corruption due diligence can lead to severe legal and financial consequences, as well as reputational damages. For buyers, ABAC due diligence can be especially critical because, under principles of successor liability, a buyer may be held liable for pre-closing bribery and corruption violations by the target. However, it is not straightforward to find out the ABAC issues, eg. kickbacks paid in cash. Could you share how to effectively conduct ABAC DD, are there any best practices, tools or expenses?

    #55498
    Ebrima B Sawaneh
    Participant

    I agree that ABAC DD is one of the most complex ones. However, there are specialists that can do this and it is best to use them. Nonetheless, you can some special tools like Worldcheck. They help to do some initial scanning. Also, Google search may help under the news tab.

    #55780
    Yanxuan Yang
    Participant

    I believe there are firms specialized in this aspect and they can be engaged to perform ABAC DD. It sounds like part of the legal DD process or it could also be mitigated by certain clauses in the transaction documents. In addition, ABAC clearance would have also been done at the KYC stage, employing tools such as Worldcheck and Google search.

    #56445
    Roberto Landa
    Participant

    Can a faulty ABAC in an organization be fixed when the acquirer organization integrates P&P. Or bad ABAC practices corrode from the inside. is this a cultural as well as policy issue?

    #56482
    Mohammed Aldubayyan
    Participant

    it’s true that there are specialized firms who can be hired to conduct ABAC DD. However, one of their main limitations is that they don’t operate in all districts/countries. For cross-border deals, ABAC issues will become more problematic.

    #56857
    Po Huang
    Participant

    I would suggest to look at the company’s compliance program in monitoring anti-bribery and anti-corruption violations to assess the effectiveness of corporate governance as a starting point.

    #58120
    Dalia Abushulaih
    Participant

    anti-corruption due diligence practice best practices should cover the business activities, ethics, and principals. It also assesses the company standing from and a political standing.

Viewing 7 posts - 1 through 7 (of 7 total)
  • You must be logged in to reply to this topic.

Are you sure you
want to log out?

Request a Brochure

Request a Brochure

Contact us to discuss your goals and needs!

Contact us to discuss your goals and needs!

Book a Demo

Book a Demo

Contact us to discuss your goals and needs!

Contact us to discuss your goals and needs!