Anti-Corruption Internal Investigations as an Effective Compliance Tool

An internal investigation is an important compliance instrument for many companies residing in the U.S. and Europe. The main goals of such investigations are to assess any possible compliance violations, potential liability risks and to strengthen the compliance system already in place. With the help of this tool a company may also collect documents and evidence before an investigation is started by an authority.

In Ukraine, internal compliance investigations are mostly conducted by Ukrainian private companies acting on an international level and by Ukrainian subsidiaries of international companies, which are linked to the U.S., UK or other European countries. Many internationally acting companies are subject to foreign laws which can be also applicable for fulfilment in Ukraine. For example, the Foreign Corrupt Practices Act (the FCPA), the UK Bribery Act, and the UK Criminal Finances Act. All these acts can include significant fines for violating companies residing