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/
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