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Project Overview
 

Location:

Bogota, Colombia

Date:

beginning 01/04/2015

In Q2 2015, Colombia will approve new anti bribery legislation (Draft No. 159 of 2014) through which rules on the liability of legal persons arising from transnational corruption acts are set forth. This move addresses specific concerns raised by the OECD in its Phase I Country Report about existing legislation and is an important step towards compliance with international standards and reflects the commitment of the Colombian Government to truly tackle corruption.

Key to the reform is the significant increase in the powers afforded to Colombia’s Superintendence of Companies. In order to fulfil its mandate, The Superintendence of Companies now seeks to establish internal and external policies and procedures, which reflect international best practice and will allow them to conduct proper investigations against companies which commit bribery in international business transactions.

This project will facilitate the achievement of the improvements required by leveraging UK and OECD expertise, with an aim to ensure that Colombia’s new Anti- Bribery Law is implemented effectively, with improved detection, investigation, sanctioning and prevention strategies, methodologies and technologies, based on the UK Bribery Act as a best practice reference.

The four-day capacity building course will directly support the reduction of foreign bribery, as well as bolstering confidence in markets and promoting sustainable and inclusive growth, leading to a level playing field for the country in international business transactions.

For more information please contact mark.willcock@govrisk.org.

 
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