Financial Crime World

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Foreign Corrupt Practices Act: A Major Concern for Uganda

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Kampala, Uganda - The Foreign Corrupt Practices Act (FCPA) is a significant concern for companies operating in Uganda, as it is illegal to bribe government officials or foreign public officials to obtain business advantages. The law is strict and carries severe penalties, including fines and imprisonment.

KIS Committed to Integrity

Kalangala Infrastructure Services (KIS), a leading infrastructure development company in Uganda, has committed to conducting all its business with integrity and transparency. The company takes a zero-tolerance approach to fraud, bribery, and corruption and has implemented effective systems to prevent such practices.

Definition of Bribery

Bribery is defined as the offering, giving, receiving, or soliciting of anything of value to influence improperly the actions of another party. This includes direct and indirect bribery, as well as payments through third parties.

Consequences of Non-Compliance

Failure to comply with the FCPA can result in severe consequences, including:

  • Fines
  • Imprisonment
  • Exclusion from tendering for public contracts
  • Reputational damage

KIS is committed to complying with all laws relevant to countering fraud, bribery, and corruption in all jurisdictions where it operates.

Comprehensive Policy

KIS has rolled out a comprehensive and robust anti-fraud, bribery, and corruption policy that is consistent with Ugandan law, English law, and best practice. The policy includes:

  • A series of management measures designed to prevent fraud, bribery, and corruption
  • Reporting mechanisms for associates to report any suspected fraud, bribery, or corruption

Reporting Mechanisms

Associates can report any suspected fraud, bribery, or corruption by:

Protection of Whistleblowers

KIS does not tolerate harassment or victimization of any whistleblower and will take appropriate action to protect anyone raising a concern in good faith. The name of the whistleblower will not be disclosed if they wish to remain anonymous.

The article highlights KIS’s commitment to conducting business with integrity and transparency, while also emphasizing the importance of complying with anti-corruption laws in Uganda and abroad.