FIATA PUBLISHES PREVENTION OF BRIBERY GUIDELINES FOR FREIGHT FORWARDERS

On 7th October, Forwarderlaw reported on the release by trade body FIATA of guidance on preventing bribery and corruption.  The article starts by saying that, according to the World Banks Logistics Performance Index (LPI), freight forwarding suffers from a lack of transparency; solicitation of informal payments is common in less developed countries; and the improvement in the incidence of corruption is lagging other industry sectors, such as customs brokerage.; and that bribery and corruption increase the costs of doing business, hamper development, and tilt the playing field unfairly and inefficiently.  The article summarises, in the form of a checklist, steps to create and implement an anti-bribery policy, and how to respond to requests for bribes.

http://forwarderlaw.com/2019/10/07/fiata-publishes-prevention-of-bribery-guidelines/

https://fiata.com/fileadmin/user_upload/documents/Prevention_of_Bribery_in_the_International_Logistics_and_Freight_Forwarding_Industry.pdf

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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