On 17 April, the Wolfsberg Group released an updated version of its 2017 guidance designed to promote a culture of ethical business practices and compliance with ABC legal and regulatory requirements. The Guidance is a risk-based approach for the adequate development and implementation of compliance programmes to prevent, detect, and report acts of Bribery and Corruption and identifies areas of elevated risk. The Guidance incorporates learnings from enforcement actions since 2017 with updates to the red flags section and expands the section on customer and transaction corruption risks.
https://www.wolfsberg-principles.com/articles/publication-abc-guidance
https://www.buymeacoffee.com/KoIvM842y
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