The document discusses an anti-bribery and corruption compliance software called easy2comply, which helps companies manage their obligations under laws like the Foreign Corrupt Practices Act and UK Bribery Act. The software provides features for corruption risk assessment, internal control monitoring, policy management, incident reporting, and anonymous whistleblowing to strengthen anti-bribery compliance programs. Over 50,000 professionals have already switched to using easy2comply's risk management software.
Bajaj Allianz Life Insurance Company - Insurer Innovation Award 2024
Foreign Corrupt Practices Act of 1977 UK Anti-Bribery Act
1. Discover why 50,000 professionals have
already switched to easy2comply
Foreign Corrupt Practices Act of 1977
UK Anti-Bribery Act
2. Introduction
• In spite of some broad and some minor differences
between the FCPA and the UK Bribery Act, there is a
wide overlap between the two sets of requirements
• Firms can ease the management and review of
their obligations using the easy2comply Risk
Management software
3. Software Focus
• The easy2comply software is focused on these
areas:
1. Corruption and Bribery Risk Assessment
2. Internal Control Monitoring
3. Policy Dissemination and Sign Off
4. Incident Management
5. Anonymous Whistleblowing
• The following slides will take you through each
point
5. Corruption and Bribery Risk Assessment
• Create a “map” of your company
• Focus on troublesome areas such as:
– Third parties
– Known countries
– Agents
• Identify potential risks
• Assess risks based on:
– Severity / Likelihood
– Customised Scorecards
6. Business Structure
• No limitation to hierarchy
• Create easy visual
representation of business
model
• Simple user access model
ensuring people can only
see / edit what they are
allowed to
7. Risk Profiling (Scorecards)
• Flexible scorecards – build your own question sets,
answers and scoring methodology
• Ensures consistency and standardisation
8. Specific Risk Identification and Assessment
• Add your own risks
• See risks listed neatly and concisely
• Each risk can be explored for a much richer analysis
10. Risk Assessment
• Impact and Likelihood assessment
• Residual Risk based on implemented controls
• Different methodologies available
11. Benefits of Risk Assessment
• Easily identify based on risk assessment where
the most problematic areas are
• Share Risk Assessments with people from
across the company, no matter where they are
• Generate charts and Excel reports
13. Internal Control Monitoring
• Build dynamic library of controls
• Assign responsibilities for checking the
controls
• Document evidence on frequent basis
• Attach files and documents as part of
information gathering process
14. Control Libraries
• Add your own controls
• See who checked them and when
• See when they are next due for testing
20. Benefits of Internal Control Monitoring
• All data is time-stamped and user-stamped,
ensuring full traceability and auditability
• People can work in parallel
• Evidence uploaded directly into the software
• Makes it very easy to demonstrate that there
is a proper and formal process to manage
controls
• Automated notifications and alerts
• Simple reporting and charting
24. Management Signatures
• Track who has signed off on the policy in real time
• Monitor those that haven’t signed
• Creates a digital signature
25. Policy Sign Off Benefits
• Proof that management have seen and
reviewed the policy
• Track who has signed and who hasn’t
• Include questionnaires (if desired) to ensure
the policy is understood
27. Incident Management
• Identify new and old incidents relating to
fraud and corruption
• Track the investigation and remediation
process
• Demonstrate to officials that there was clear
ownership and accountability from the
moment the issue was identified
28. Incident Database
• Build database of fraud and corruption related
events and incidents
• Filter by location, business and date
31. Incident Management Benefits
• Anywhere in the world, incidents can be
created and entered into the database
• Document proof that necessary steps and
measures were taken
• Build a library of lessons that can be learnt
and shared with other business groups
33. Anonymous Whistleblowing
• Anyone can record a “potential event” relating
to fraud, bribery and corruption
• Registrants do not need to log in to a software
nor do they need to provide their details
• All whistleblowing events will be distributed to
a pre-determined group within the company
for further analysis
34. Where do I record the Event?
• Application homepage
• No need to log in to the
software
• Page can be added to
client corporate intranet
page as well
35. What do they fill in?
• Fully configurable
form
• Fields determined
by company
• Default form can
be seen here
36. Anonymous Whistleblowing Benefits
• Allows all individuals and employees peace of
mind when recording incidents
• Company can track potential events as they
are identified
• Prove to regulator that best efforts were made
to provide a safe space for the reporting of
events
37. For more information on the UK Bribery Act or Foreign
Corrupt Practices Act, please contact:
Jeremy Kaye jeremy.kaye@easy2comply.com
Sales sales@easy2comply.com
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