bribery risk assessments

Bribery risk assessments are evaluations that organizations conduct to identify and understand the likelihood of corruption or bribery occurring within their operations. This involves examining factors such as business practices, geographic locations, industry specifics, and vulnerable areas where illegal payments or favors might happen. The goal is to proactively detect potential risks so that the organization can implement policies and controls to prevent bribery, ensure compliance with laws, and promote ethical conduct. Essentially, it’s a systematic way to assess vulnerabilities and strengthen safeguards against corrupt practices.