Corruption
Corruption is a broad term that can refer to people entering into an agreement to provide a benefit to an official in order to secure an action on that official’s part. It can also involve activities such as money laundering and bribery as part of the process.
In overseas markets, the corrupt activities may be handled by an agent working on behalf of a company who passes payment to the official. Money can often be moved through a variety of companies and accounts to weaken the link to the company making the payment.
Many countries have acted to combat corruption by establishing anti-corruption agencies. Signatories to the United Nations Convention Against Corruption, Article Six, are required to establish bodies for this purpose.
Marker CheckPoint® can assist with your anti-corruption requirements through providing information and analysis on regional and local environments. This can be used to assess risk and contribute to risk mitigation strategies.
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