Instances of corporate fraud and misconduct remain a threat to public trust and confidence in the capital markets. This is compounded as a significant number of companies are doing business in both local and foreign markets, or are considering doing so. Companies either operating in foreign jurisdictions, or considering doing so, are faced with both reward and risk. One of the major risks companies face is the risk of bribery and corruption, especially in emerging markets.
Three extra-territorial laws, the South African Prevention and Combating of Corrupt Activities Act, 2004 (PRECCA), the United States of America (US) Foreign Corrupt Practices Act 1977 (FCPA) and the United Kingdom (UK) Bribery Act legislation, governing acts of bribery and corruption abroad are important to South African entities operating in South Africa and also in foreign jurisdictions.
These laws impact companies that have South African as well as US or UK connections.
Under PRECCA, South African companies and their officials can be prosecuted for corruption committed locally and abroad by their employees. Similar provisions exist within the FCPA and the UK Bribery Act legislation.
KPMG`s Anti-Bribery and Corruption Assessment Tool allows organisations to compare their existing Anti-bribery compliance programmes to KPMG Forensic`s interpretation of international better practice. Comparing strategies can assist an organisation in defining its `waterline` and thus enabling it to further mitigate Anti-Bribery and Corruption risk which is hidden
We'll assist you to define and scope a specific challenge that’s unique to your key focus areas and innovation strategy.
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Tradle is thrilled to win the KPMG Fintech Challenge in blockchain category, organized by Matchi. As a result we not only had great PR exposure, but got the opportunity to present to a set of banks and to KPMG's financial services leadership. This advanced our relationship with KPMG and we hope for mutual work with them in the future. We are also going to be eyeing new Fintech challenges organized by Matchi.
Sony’s selection of iProov as the winner of the FinTech Innovation Challenge with Matchi is an extraordinary and significant accolade. We very much look forward to working with Sony, delivering the benefits of our unique authentication technology to enhance user experiences, consumer trust and cyber security.
Thank you Matchi for identifying the Vanare Robo-advisor offering and connecting us to an exciting new business prospect with Liberty. It has been a pleasure dealing with your professional and enthusiastic team and we are looking forward to start working on the POC.
We have really enjoyed the Matchi Challenge experiences you have let us be a part of. I think this is an awesome concept that hopefully more and more companies will take advantage of. Being a part of the Matchi platform has given IDmission the opportunity to present to and pilot with global organizations that we normally would not have had access to on our own.
Our Business Banking Challenge with Matchi was a great success, receiving responses from over 20 countries around the world and culminating with Proof of Concept projects with three of the six shortlisted finalists.
The Fintech Innovation Showcase was a great opportunity to see and explore 'disruption' up close.
- Claire Rogers, Head of Digital Strategy and Innovation, ANZ
Matchi is the door to business opportunities with the right banks around the world. Through winning the Matchi Fintech Innovation Challenge we are currently in discussion with several banks that have showed an interest in our technology.