Newsletters
MENAC (the National Anti-Corruption Mechanism) has recently issued new guidance under the General Scheme for the Prevention of Corruption, clarifying two key points:
1) Verification of irregularities
Entities must ensure regular internal procedures to identify and verify potential irregularities in the implementation of their compliance programmes.
2) External reporting no longer required
Previous recommendations regarding periodic external reporting have been withdrawn.
MENAC recommends:
🔸 Internal identification and documentation of irregularities;
🔸 Definition and tracking of corrective measures;
🔸 Involvement of the compliance officer;
🔸 A review frequency set by each entity, with a biennial review suggested as good practice.
Why this matters:
These guidelines reinforce the need for continuous, documented internal monitoring, essential both for:
🔸 Risk Prevention Plan reporting and
🔸 Responding to potential inspections in a context of increased MENAC oversight.
CCA stands ready to assist with all matters related to compliance programmes and internal corporate policies, tailored to the specific needs and context of each organisation. For further information, click HERE