Year: 2020

Some time ago, I came across an unusual situation … there was a company that allowed its employees to use a taxi as a mean of transportation due to some need related to the company’s business. There were no major controls and, oddly enough, a receipt from the taxi was not even required for accountability.

Although several governments are striving to combat and mitigate corruption and its consequences, since talking about eradicating corruption is an almost utopian task, it is important to know the world´s players in this fight.

Corruption Perceptions Index or simply CPI is an index created by a non-governmental organization named Transparency International (www.transparency.org), which, among other purposes, has set out to monitor countries’ progress in fighting corruption around the world.

Red flags mean situations that deserve special attention and that must be carefully observed by managers and, mandatorily, by compliance officers and auditors. In short, they are warning signs, which should not and cannot be ignored.

This is certainly a question that concerns many managers and even many compliance officers or even those responsible for providing guidance within an organization.

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