ANTI-BRIBERY AND ANTI-CORRUPTION LAWS: CORPORATE COMPLIANCE IN A GLOBAL MARKETPLACE

Bribery and corruption have long been widespread in business, causing financial losses and emotional distress for ordinary people. To combat these unethical practices, anti-bribery and corruption laws were introduced. These laws not only safeguard individuals from being exploited under the guise of business dealings but also protect companies and organisations from engaging in or accepting bribery.

Bribery and corruption lead to unjust treatment of people and businesses alike, distort competition, and raise costs. People and companies continue to try to bribe public authorities or affect the results of tender processes in an effort to gain the next contract or boost profitability.

1. Anti-corruption and bribery laws have several important components.
   Act legally, morally, and in the public interest;
2. Tolerate conduct that is unlawful, immoral, or violates human rights by clients, suppliers, or public officials with whom we deal; 
3. Refrain from accepting or offering bribes or engaging in corrupt activities;
4. Uphold the highest standards of moral behavior globally, including striving to uphold the ten principles of the UN Global Compact (including anti-bribery).