CHAPTER 5: RISK ASSESSMENT IN DUE DILIGENCE
Risk assessment in relation to due diligence
As with any other compliance risk, there should be an agreed programme of risk assessments for the risks of bribery and corruption, including matters, such as any perceived risk of blackmail or other forms of intimidation.
Some risk assessments will be combined with others within the organisation, e.g. treasury or procurement controls and wider security assessments, especially if business activities are regularly undertaken in higher risk sectors or areas of the world.
This guide will assist in highlighting the specific areas of risk that an ABMS should consider.
Some organisations will go to great lengths to classify sectors and countries that may have ...