Corruption risks

Businesses around the world face ramping corruption levels in the supply chain. Companies are exposed daily to corrupt practices such as kickbacks, bid rigging, and facilitation payments. For example in Eastern Europe, companies often deal with the so-called assessorial payments; extra charges that help facilitate the movement of goods and front-of-the-line privileges.

The Foreign Corrupt Practices Act (FCPA) specifically prohibits the payment of bribes to foreign officials and addresses accounting transparency requirements. Companies that have committed FCPA violations suffer from a tarnished brand and face significant penalties. To reduce the corruption risks in the supply chain and the associated damage costs, organizations need to weigh what the risks are and develop anti-corruption measures before entering foreign markets.


How we help

BSI’s suite of supply chain intelligence and risk management solutions and services can be used independently to target specific needs or combined together to seamlessly identify, analyze and manage global supply chain operations and risks.