Anti-Corruption and Compliance
Increasingly, Ghanaian authorities are vigorously pursuing companies for suspected corruption and bribery. International trends have also favoured tougher legislation as well, such that Ghanaian companies may also face scrutiny abroad under the American Foreign Corrupt Practices Act and the U.K. Bribery Act. Any company found to have violated anti-corruption laws faces significant criminal and civil penalties and there is the additional risk of significant reputational damage from accusations of corruption or bribery.
In the face of realistic potential exposure to civil and criminal liability for rule violations, it is crucial that Ghanaian companies receive clear, practical advice on these anti-corruption and anti-bribery regimes. Companies need to know how to implement and enforce robust and effective anti-corruption policies and programs, how to conduct the necessary due diligence on corruption and bribery matters when entering into transactions with companies operating in foreign jurisdictions and how to deal with incidents of corruption or bribery if they arise.
The TN Legal Advisors’ team is skilled in assisting clients navigate an increasingly complex and evolving area. We have counselled companies with operations throughout the world in creating and implementing practical anti-corruption policies and in conducting corruption and bribery due diligence. We recognize the business aspects of anti-corruption programs and adopt a practical and business-minded approach to ensuring compliance with anti-corruption regimes domestically and world-wide. We carry out risk assessments, including review of clients' existing policies and procedures; develop practical and effective anti-corruption policies; implement anti-corruption policies; provide comprehensive training and education for directors, management teams and employees; provide clients with crisis management advice, including that related to the risk of reputational damage in the face of a breach or suspected breach of anti-corruption legislation and advice clients faced with external investigations or litigation.