Global Anti-Bribery Guidance

Best practice for companies in the UK and overseas

7. Financial Controls

Quick Read

Effective financial controls restrict opportunities for using the company’s cash or other assets for bribery

Corporate bribery incidents often involve lax or inadequate financial controls, most commonly in relation to how transactions are recorded in the books and records of the company. Well-designed anti-bribery financial controls act as checks and balances to deter improper behaviour by raising the risk of detection and capturing information to enable investigation.

Key elements of best practice

  • Design  controls based on information obtained from risk assessments
  • Apply checks and balances consistently across operations
  • Record transactions accurately in the books and records
  • Implement audits to check that the controls are working effectively