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This document outlines GTC\'s commitment to preventing bribery and corruption, establishing responsibilities, defining key terms, and providing guidelines for compliance with applicable laws. It includes detailed instructions for GTC Representatives, the Local Compliance Officers, and the Management Board regarding their roles in ensuring adherence to the policy, reporting mechanisms, and preventive measures.
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01
Start with understanding the purpose of the anti-bribery and corruption policy.
02
Gather necessary documentation and information related to your organization’s operations.
03
Identify potential risks associated with bribery and corruption within your industry.
04
Define clear guidelines on acceptable and unacceptable behavior regarding gifts, hospitality, and payments.
05
Ensure all employees receive training on anti-bribery and corruption policies.
06
Create a reporting mechanism for individuals to report suspicious activities anonymously.
07
Regularly review and update the policy to adapt to changes in legislation and business practices.
08
Conduct due diligence on third parties such as vendors and partners to ensure they comply with anti-bribery standards.

Who needs anti bribery and corruption?

01
All businesses and organizations, regardless of size, need anti-bribery and corruption measures.
02
Public sector entities and government officials to ensure transparency and integrity.
03
Non-profit organizations to maintain trust and credibility with stakeholders.
04
Companies operating in high-risk industries or regions where bribery is prevalent.
05
Financial institutions to comply with regulatory requirements and prevent money laundering.
06
Multinational corporations to adhere to international laws and standards.
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Anti bribery and corruption refers to laws, regulations, and policies designed to prevent bribery and corrupt practices in both public and private sectors. It aims to promote integrity, transparency, and fair competition.
Persons and entities involved in business activities, especially those in regulated industries, governmental organizations, and any company operating in jurisdictions with anti bribery laws may be required to file anti bribery and corruption reports.
To fill out anti bribery and corruption forms, individuals or organizations must provide detailed information regarding their business practices, any gifts or hospitality exchanges, and disclose any incidents or concerns related to bribery and corruption.
The purpose of anti bribery and corruption laws is to deter unlawful practices, foster a culture of integrity in business operations, protect public resources, and enhance trust in governmental and commercial entities.
Reports on anti bribery and corruption must include details of transactions, gifts, and hospitality provided to officials, any suspected instances of corruption, and measures taken to prevent bribery.
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