Digitalisation is changing the ways we communicate, how we work and how we do business. Digitalisation is enabling innovation, making processes more efficient and creating new business models. Smart production processes and big data offer lots of potential for sustainable economic growth. Digitalisation has also significant implications for the area of compliance and business integrity. Moreover, the need to fight corruption is also reflected in the United Nations’ Sustainable Development Goals. Target 16.5 calls for a substantial reduction of corruption and bribery in all their forms.
Advanced technology is enabling new risk management tools to monitor and detect fraud automatically. Digital solutions are improving third party due diligence and allowing to track and strengthen compliance in global supply chains. E-tenders and e-procurement tools offer win-win situations for the public and the private sector by increasing the quality of public services and levelling the playing field for businesses. Furthermore, technology is enabling compliance officers to get more information about compliance risks and to communicate rules and regulations more effectively. However, staying compliant while making use of new technologies can also prove challenging. Data protection and privacy are set to be key topics in the coming years as companies are increasingly making use of smart devices and big data. Furthermore, companies face higher expectations from customers and regulators with regard to transparent production cycles and compliance in global supply chains.
This conference aims to reflect the international relevance of taking action against corruption and support the implementation of business integrity on the ground providing a platform for a global exchange of knowledge and good practices.
The Global Conference will take place on 22 February 2018 in Frankfurt, Germany.
The conference will be held in English.
Digitalisation is an opportunity for the public and the private sector to strengthen integrity. As processes become digital, they become also more transparent and more efficient. A practical example is e-customs that can significantly decrease the time and resources spent on clearing products through customs while simultaneously decreasing the risks of bribery and facilitation payments. This is a win-win situation for both the public and the private sector. While the opportunities are manifold, so are the risks. The rapidly growing amounts of data collected about customers and business partners raise privacy concerns. Incoherent regulation across countries may create additional costs for businesses that have to adapt to legal systems that are not inter-connected. Furthermore, the possibility to track all business processes in real time raises questions of how we can collect the right data to design effective checks and balances without causing an overkill of control.
Digital solutions such as e-customs and e-procurement provide opportunities to restructure processes to make them more efficient and less susceptible to corruption. Digitalisation is therefore an important tool for governments that seek to step up efforts to establish good framework conditions for clean business and to attract foreign investment.
Furthermore, digitalisation equips large companies with a new tool to track and improve compliance in global supply chains. However, challenges remain, notably for small and medium-sized enterprises that are the backbone of the global economy and often still lag behind with regard to compliance standards.
Organised in cooperation with the German Alliance for Trade Facilitation.
Digitalisation will profoundly change the work and tools of compliance officers. Experts predict that smart algorithms that automatically monitor and detect fraud will increasingly carry out the tasks of the compliance officer. The overflow of data available makes it difficult for compliance officers to cut through the complexity and to select the right data to make meaningful decisions.
In cooperation with
Start-ups and technology companies disrupt entire markets with innovative ideas and creative solutions. However, often questions are raised concerning the compliance standards in start-ups and technology firms. The enforcement authorities do not differentiate between long existing and newly founded companies. Furthermore, customers of start-ups often place special importance on integrity and transparency.
Digitalisation is presenting the public sector with an entire toolkit to create enabling framework conditions for clean business and to improve public services, such as e-procurement, e-tenders and online registers. However, implementation into practice bears challenges and pitfalls.
In cooperation with