Are you doing business in Brazil, Mexico, Argentina, Russia, China, India or any other high-risk jurisdiction? Are you involved in the infrastructure, pharmaceutical, military or other high-risk industries? Do you engage government-facing representatives, consultants, finders or agents?
If so, a risk-based ABC and AML program is an absolute necessity for you, in order to protect your company from reputational, legal and financial damages arising from ABC and AML violations. An effective program is the key element of any defense, should regulatory or prosecutorial inquiry begin.
ABC and AML compliance is a valuable and necessary differentiator for any international enterprise. Governments, financial institutions, and multinational corporations expect their partners, contractors and bidders to have effectively implemented, efficient and readily auditable programs in place.