Anti-Corruption Due Diligence for SMEs

This episode covers a policy document from the International Chamber of Commerce (ICC) which provides guidance for small and medium-sized enterprises (SMEs) on conducting effective anti-corruption third-party due diligence. It highlights the increasing legal risks SMEs face regarding bribery and corruption, especially in international business. The guide details a six-pillar framework for investigating potential business partners, covering beneficial ownership, financial background, competency, public records, reputation, and compliance culture. The document also outlines a risk-based approach to determine the extent of due diligence needed and offers practical steps for mitigating identified risks. Finally, it emphasises the importance of record-keeping and ongoing monitoring of third-party activities.