Sample interview questions: How do you ensure financial compliance with international anti-corruption laws or regulations?
Sample answer:
Ensuring Financial Compliance with International Anti-Corruption Laws
- Establish and Enforce a Robust Compliance Program:
- Develop clear policies and procedures outlining prohibitions against bribery, facilitation payments, and other corrupt practices.
- Implement training programs for employees on anti-corruption regulations and expectations.
- Establish reporting mechanisms and whistleblower protection measures.
- Conduct Regular Risk Assessments:
- Identify high-risk areas and third parties based on factors such as industry, geography, and business relationships.
- Implement appropriate due diligence and monitoring procedures to mitigate risks.
- Strengthen Third-Party Management:
- Conduct thorough due diligence on vendors, suppliers, agents, and other third parties.
- Include anti-corruption clauses in contracts and monitor compliance through regular audits.
- Implement Internal Controls and Monitoring:
- Establish segregation of duties and strong internal control systems.
- Regularly revi… Read full answer