Anti-Bribery & Corruption (ABC)
Also known as: ABC, Anti-corruption
Anti-bribery and corruption (ABC) refers to the policies and controls that prevent improper payments and undue influence in business dealings, including procurement.
Procurement is a high-risk area for corruption because it involves selecting suppliers and awarding contracts. ABC controls include clear policies, gift and hospitality rules, conflict-of-interest declarations, transparent competitive processes and audit trails — all designed to ensure decisions are made on merit, not inducement.
In Malaysia, corporate liability provisions place a strong onus on organisations to have adequate procedures to prevent corruption. Transparent, well-documented procurement — competitive sourcing with a clear audit trail — is central to demonstrating those procedures.
Frequently asked questions
- What is anti-bribery and corruption in procurement?
- ABC covers the policies and controls that prevent improper payments and undue influence in buying decisions — gift rules, conflict-of-interest declarations, transparent sourcing and audit trails.
- Why is procurement a corruption risk?
- Because it involves choosing suppliers and awarding contracts, procurement is exposed to bribery and favouritism. Transparent, documented processes reduce that risk.
Related terms
Conflict of Interest
A conflict of interest arises when a person involved in a procurement decision has a personal interest that could improperly influence that decision.
Read definitionProcurement Policy
A procurement policy is the set of rules governing how an organisation buys — who can purchase, from whom, up to what value and through what process.
Read definitionAudit Trail
An audit trail is a complete, time-stamped record of every action in a process, showing who did what and when, so transactions can be traced and verified.
Read definitionSanctions Screening
Sanctions screening is the process of checking suppliers, individuals and transactions against official sanctions and watch lists to avoid dealing with prohibited parties.
Read definitionExplore related across the knowledge graph
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