Document background
The Bribery And Corruption Risk Assessment is a crucial compliance document required for organizations operating in Pakistan's complex regulatory environment. It becomes necessary when companies need to evaluate their exposure to corruption risks, ensure compliance with local anti-corruption laws, and demonstrate due diligence to stakeholders and regulatory authorities. The document typically follows the requirements set forth by the National Accountability Bureau (NAB) and incorporates international best practices. It is particularly relevant for organizations expanding operations, entering new markets, or responding to regulatory changes in Pakistan. The assessment includes detailed analysis of business processes, third-party relationships, and internal controls, while considering specific risk factors unique to the Pakistani business environment, such as government interactions, licensing requirements, and local business practices.
