In December 2016, the French government published the Sapin II law to align domestic anti-corruption standards more closely to well-known legal frameworks in other countries. With the International Monetary Fund (IMF) estimating that the yearly cost of bribery alone is between $1.5 – $2 trillion, the Agence Française Anticorruption (AFA) will be looking for firms whose compliance programs fall short. The impact for those publicly exposed for corrupt behavior can be catastrophic both financially and reputationally.
The following whitepaper deep dives into a comprehensive overview of the Sapin II obligations and brings to light recent developments and potential amendments that are likely to impact firms. Furthermore, it explore the importance of compliance from an economic, legal and societal perspective before setting out how organizations can leverage technology to develop a bullet proof anti-corruption program.
In this whitepaper we discuss:
- A background to Sapin II – Your guide to modern day corruption
- Why it’s more important than ever and recent updates
- Leveraging technology to take a holistic view to tackling corruption