Strategies & Approaches To Mitigate Corruption Risks & Improve Transaction Level Process Execution
GEC Utilizes Engineering, Legal, Accounting, and Project Management Expertise to Assess and Implement Anti-Corruption Programs to Mitigate Risk
Anti-Corruption initiatives have traditionally focused on legislative, judicial, and punitive actions against individuals. Leadership efforts have established Anti-Corruption Units to conduct independent investigations and audits through prosecutorial criminal departments depending on individual country constitutions, international treaties and agreements, and administrative structures. These approaches enable the after-the-fact evidence collection required for the indictment, prosecution, and convictions of corrupt officials and managers of influence.
The monitoring & analysis of transactional level process execution enables the detection of malfeasance, asset theft, illicit enrichment, and bribery schemes. Business Process Management as a discipline offers leverage as a preventive measure and a means to expose potential “Nodes of Corruption” before or as they occur. Utilization of Key Performance Indicators (KPIs) and Risk Status Indicators (RSIs) are inherent in well designed processes that are part of operation of governmental agencies and the business community.
Assess Vulnerabilities in Organizational Performance
GEC Consultants work with client resources in small teams to conduct structured risk and corruption vulnerability assessments of targeted business and operational functions at the detailed execution level. Review and evaluation of the organizational, political, and legal frameworks allow for “Top Down” meets “Bottom Up” identification of corruption exposure. Rule of Law practices & indigenous customs, Resource Threat Assessments, and Corruption Threat Assessments are essential components of the vulnerability assessments.
Integrate Process Analysis With Risk Mitigation Activities
Project Teams Build representational business models of the “Current State” of how organizations and government agencies function and how the individual operational & administrative processes execute. The analysis enables new process design or improvements to existing processes to create a “Future State” Model. The models utilize simulations to facilitate optimization of processes to improve efficiency and effectiveness. Information technology provides the tools to collect, analyze, and report transaction level activities to help monitor potentially corrupt activities.
Monitor, Report and Expose Corrupt Practices
Drafting of new legislation and judicial directives to enable the data gathering necessary to investigate corrupt practices and hold those responsible are a critical element of anti-corruption programs. Utilization of systems and procedures that collect the Key Performance Indicators (KPIs) throughout execution of operational and administrative processes enable “early warning” of potential corruption activities. Monitoring “Nodes of Corruption” in conjunction with legislative, judicial, and investigative practices provide the foundation for managing the risks of corruption to organizations and society.
If you have any questions about our anti-corruption services for both commercial and government sectors, please Contact Us at 678-525-7677 today.