COMPLIANCE
Definition
Refers to the procedures, systems or departments within public agencies or companies that ensure all legal, operational and financial activities are in conformity with current laws, rules, norms, regulations and standards.
Example in practice
In Bhutan, those who are found guilty of failing to comply with the Anti-Corruption Act of 2006, which requires public servants to accurately declare their assets and liabilities, are subject to penalties under the country’s penal code.
Relevant links
—— Compliance Week.
www.complianceweek.com/
—— Ernst & Young: Corruption or Compliance - Weighing the Costs, 10th Global Fraud
Survey.
www.ey.com/Global/assets.nsf/International/FIDS_Corruption_or_compliance_weighing_t
he_costs/$file/Corruption_or_compliance_weighing_the_costs.pdf
—— GTZ: A Comparison of Compliance Reviews Based on the UN Convention against
Corruption.
www.igac.net/pdf/publications_gtz_compliance.pdf
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