A Bribery and Corruption Risk Assessment is a methodology to identify and understand the inherent bribery and corruption risks faced by an organisation and whether the controls in place are sufficient to mitigate those risks. The outputs are the residual bribery and corruption risks, which (if outside of risk appetite) will feed into the Financial Crime Framework enhancement initiatives.
This Bribery and Corruption Risk Assessment consists of two documents:
1. A Bribery and Corruption Risk and Controls Scoring Tool (in Excel) utilising 34 inherent risk questions and 88 control questions to calculate the organisation's quantitative residual risk rating.
2. A Bribery and Corruption Risk Assessment Template (in Word) to provide qualitative analysis of the residual risk rating.
The Bribery and Corruption Risk Assessment covers the following Inherent Risks:
- Industry/Sector
- Countries
- Opportunity
- Business Partnerships
- Transaction
- Organisation
The Bribery and Corruption Risk Assessment covers the following Controls:
- Governance
- Reporting
- New Products/Services
- Due Diligence
- Monitoring
- Employee Engagement
- Assurance