Compliance is a great concept. In the context of business, it refers to many key areas, including anti-corruption, national and international laws, regulations, rules, and principles.

Compliance is beyond the legal requirements as it reflects corporate culture of the company, its acceptable values, relationships, goals and practices that promote ethical behaviour when implementing business goals.

What is Anti-Corruption Compliance?

Commercial corruption occurs as a result of dishonest deals between the state officials or companies. Anti-corruption compliance means the transfer of global anti-corruption principles and standards as well as national laws to local practice as every country in the world has national legislation envisaging criminal liability for corruption.

Anti-Corruption Compliance Program should be an integral part of the company’s most complex infrastructure.

A comprehensive solution for the development of compliance program that is suitable for all companies does not exist because it should be based on the company’s specific risks, sizes, and other circumstances.

In order to prevent, detect and eliminate infringements in companies, any effective compliance program should include the following elements.

Source: Center for International Private Enterprise

This material has been prepared in the scope of the “Armenia: Promoting Anti-Corruption Conduct and Reforms” Project implemented by the “Center for International Private Enterprise”, the “Armenian Lawyers’ Association” NGO, the “Corporate Governance Center” NGO and the “Yerevan Chamber of Commerce and Industry” with financial support of the National Endowment for Democracy. The project is implemented as a co-financing to the “Commitment to Constructive Dialogue” action implemented with the financial support of the European Union by a Consortium comprising the “Armenian Lawyers’ Association” NGO, the “Armenian Center for Democratic Education-CIVITAS” NGO, the “International Center for Human Development” NGO, the “SME Cooperation Association” NGO, the Union of Communities of Armenia, as well as “Agora Central Europe” NGO (Czech Republic). The contents of this material are the sole responsibility of the “Armenian Lawyers’ Association” NGO and can in no way be taken to reflect the views of the National Endowment for Democracy and the European Union.

Alisa Chilingaryan