Russian Compliance Guide

The Russian Federal Anti-Corruption Law No. 273 requires domestic and foreign companies operating in Russia to implement extensive compliance programs; it specifically describes areas where companies should implement programs to ensure compliance. The Law’s provisions can be considered to match the FCPA and go beyond the Bribery Act, for companies are not entitled to the ‘adequate procedures’ defense if a person commits acts of bribery on the company’s behalf.

Companies should assess their existing compliance programs to determine whether they satisfy the standards outlined by Article 13.3 of the Russian Federal Anti-Corruption Law No. 273. If they are found lacking, existing programs should be supplemented to ensure compliance with Article 13.3. Companies are required to develop and implement the following compliance measures.

Companies should also conduct due diligence and corruption risk assessments of business partners and third-party affiliates to make sure they are aware of, and comply with, all requirements set out by Russian law.

Principle 1

Designate departments, structural units and officers responsible for the prevention of bribery and related offenses.

Principle 2

Adopt protocols on cooperating with law enforcement authorities.

training

Principle 3

Develop and implement policies and procedures designed to ensure ethical business conduct.

Policies

Principle 4

Adopt a code of ethics and professional conduct for all employees.

Principle 5

Create policies for identifying, preventing and resolving conflicts of interest.

Principle 6

Prevent the creation and use of false or altered documents, including with respect to financial statements.

Featured Legislation

Russian Federal Anti-Corruption Law

Russia’s Federal Anti-Corruption Law prohibits facilitation payments but includes ‘adequate procedures’ that provide companies with a full legal defense if implemented correctly.

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