Do you know that Russian law now requires companies to take anti-corruption measures? If not, we recommend that you read this article.

1. RUSSIAN COMPANIES ARE NOW REQUIRED TO TAKE ANTI-
CORRUPTION MEASURES
In all respects Russia is taking increasingly significant steps to fight against corruption.
These steps were evidenced by the ratification of the UN Convention Against
Corruption in 2006 and the adoption of a special anti-corruption law in 2008.
This law was amended in 2012 and requires all Russian companies to take concrete
measures to prevent corruption. These measures may include:
1. Designation of subdivisions or officers responsible for the prevention of
corruption and other offenses;
2. Cooperation of the organization with law enforcement authorities;
3. Development and introduction of standards and procedures aimed at ensuring fair
operations of the organization;
4. Adoption of a code of ethics and official conduct of employees of the
organization;
5. Prevention and regulation of conflicts of interest;
6. Prevention of creation of false account reporting and use of forged documents.
The obligation of companies to take preventive measures against corruption went into
force on January 01, 2013.
The Code of Administrative Offenses provides for liability of a company if any
person in the interests of or on behalf of such company bribes public officials or the
management of another company so that such official or management takes or refrains
from taking actions related to the position they hold. In the event of a bribe, a fine may
be imposed on the company in the amount of up to one hundred times the value of
money, assets, services, or other property rights illegally transferred or provided or
promised or proposed on behalf of the legal entity.
A company is deemed guilty of such offense if it had the opportunity to prevent the
receipt by an official of a bribe on its behalf. We therefore strongly recommend
developing policies aimed at preventing corruption in your company and introduction of
procedures aimed at ensuring fair operations. We also believe that it would be advisable
to conduct an anti-corruption training.
www.awaragroup.com
info@awaragroup.com
Global Call Center: +7 (495) 225 30 38

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Awara has extensive experience in developing such policies and conducting such
trainings. We would be happy to offer these services to you.
Should you have any further questions, please do not hesitate to contact us.
Anton Kabakov
Partner
anton.kabakov@awaragroup.com
Mobile: +7 921 397 1193
Global call center:
+7 495 225 3038
Samuli Pesu
Partner
samuli.pesu@awaragroup.com
Mobile: +7 926 710 4361
Global call center:
+7 495 225 3038
www.awaragroup.com
info@awaragroup.com
Global call center: +7 (495) 225 30 38