anti bribery and corruption act

Any investigation will be conducted as sensitively and speedily as possible.As a result of this investigation, other internal procedures may be invoked, such as disciplinary procedures; grievance or complaints procedures; harassment procedures. Company respects the right of individual employees to make personal contributions, provided they are not made in any way to obtain advantage in a business transaction. Concerns can be raised verbally or in writing. The website address and hotline number for your location is set out in Appendix A.ABAC CoE is committed to be consistent in reviewing and updating its policies and procedures based on the learning in view of changed legal regime and circumstances. The American Anti-Corruption Act (AACA), sometimes shortened to Anti-Corruption Act, is a piece of model legislation designed to limit the influence of money in American politics by overhauling lobbying, transparency, and campaign finance laws. If appropriate, action may be taken under the Company’s disciplinary process. The Designated Person will send a written acknowledgement of the concern to the individual and will inform the individual making the disclosure, (and as the case may be) the Company Secretary, the chief executive officer, and the Chair of the Board of Directors of what action, if any, is to be taken.

Current policies and procedures in place that are considered to reinforce the Company’s commitment to an anti-bribery culture include the following:The directors of Company perform ‘controlled functions’. These policies and procedures have been designed to comply with legislation governing bribery and corruption on a global basis. Any “corrupt” payment, promise or offer to pay, or authorization of the giving of anything of value to or for an Official – or to anyone else while knowing it will be shared with such a person – is prohibited.UAE has had anti-bribery legislation in place since 1987, in the form of the UAE Federal Penal Code (the “Code”). The Act provides for prosecution of delinquent(s) which may result into imposition of fines and imprisonment of different terms.NATIONAL ACCOUNTABILITY BUREAU ORDINANCE, 1999: The object of promulgation of Ordinance is to check corruption and corrupt practices and hold accountable all persons accused of such practices and matters ancillary thereto. This category only includes cookies that ensures basic functionalities and security features of the website. Every employee, individual and entity acting on ABAC CoE’s behalf is responsible for conducting the company’s business with honesty and in a professional manner being compliant with legal framework.ABAC CoE believes that bribery, corruption and corrupt practices have detrimental impact not only on business by undermining good governance and distorting free markets but in larger spectrum damage societal setup economically.

This includes any instances where you may be the victim of attempted bribery.The Company is fully committed to ensuring that there is a safe and confidential method of reporting any suspected wrongdoing to nominated officers. We take all matters of malpractice, improper action or wrongdoing very seriously and you are strongly encouraged to raise incidents or behaviours that are not in accordance with the policy. The Convention covers many different forms of corruption, such as bribery, trading in influence, abuse of functions, and various acts of corruption in the private sector.Company’s bribery prevention procedures are proportionating to and focused on the risks that it faces (including those arising from its associates).

A legal disciplinary action against anyone who fails to comply with this policy will be taken which may result into dismissal from service and expose the responsible to penal consequences under respective laws.A breach of this Policy by an employee or business associate could result in the Company breaching the law in force. Nevertheless, the purpose to devise this policy is to acquaint and familiarize the employees and all other associated persons with rules that ABAC Certification is committed to follow to contribute significantly to prevent and control the bribery and corruption. Having an existing anti-corruption compliance programme is a defence if the company is charged under Section 7 of the Bribery Act 2010: failure to prevent bribery. Nonetheless, employees should follow all applicable standards, principles, laws, and the Company’s practices for accounting and financial reporting involving any domestic or international transaction. This anti-bribery and corruption policy sets out Informa’s policies to prevent acts of bribery and corruption. Depending on location, and other factors, other Anti-Bribery and Corruption Laws may apply under the circumstances.

Whilst the written local law would influence what would constitute “improper” action, local custom and practice are disregarded. This includes actual and potential customers, suppliers, business contacts, Intermediaries, government and public bodies, including their advisors, representatives and officials, politicians and political parties.As a Company, ABAC CoE is incorporated in and conducting its business in Pakistan, United Kingdom, United States of America and the United Arab Emirates, therefore is obliged to comply with the domestic laws of these respective countries, including but not limited to, the Prevention of Corruption Act, 1947; Pakistan Penal Code 1860 ; National Accountability Ordinance, 1999 ,  the Companies Act, 2017; the UK Bribery Act, 2010; Foreign Corrupt Practices Act of 1977 (United States of America) and the Federal Code of the U.A.E. Some of these audits will be unannounced. All Affected Parties will be required to train on this Policy every two years and complete a new certification on an annual basis.Employees who violate this Policy or the procedures under this Policy are subject to disciplinary action up to and including termination. Company’s general accounting policies and internal audit procedures will generally ensure compliance with these requirements.

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