With Britain’s new bribery laws requiring companies to be fully accountable for the activities of third parties and intermediaries working on their behalf, it is essential that companies conduct robust due diligence on suppliers in order to protect themselves. Demonstrating that adequate checks have been carried out throughout the supply chain will be an essential part of any defence
should corruption be found within an organisation.
Freight forwarders conduct activities that are particularly at risk from corruption.
A third of the companies surveyed had no published anti-corruption policy.
More than half of the companies had no statement on facilitation payments.
“Logistics groups at risk from U.K. new bribery law”, Financial Times, Aug 05, 2012
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