COURSE DESCRIPTION:
In today’s interconnected global business landscape, the prevalence of bribery and corruption presents a pressing challenge for organizations across industries. With enforcement actions on the rise worldwide, regulatory bodies are increasingly vigilant in investigating and prosecuting instances of corruption. This heightened scrutiny underscores the critical need for comprehensive training on anti-bribery and anti-corruption (ABAC) practices.
Such training is essential to ensure legal compliance with anti-bribery laws like the Foreign Corrupt Practices Act (FCPA) and the UK Bribery Act, which impose stringent obligations on companies to prevent corruption. Non-compliance can result in severe penalties, including hefty fines and reputational damage. Moreover, beyond legal obligations, fostering a culture of integrity and transparency is imperative for building trust among stakeholders and maintaining a competitive edge in the market. ABAC training not only equips employees with the knowledge to navigate diverse legal and regulatory environments but also instils ethical values and behaviours essential for conducting business responsibly on a global scale.
The aim of this course is to equip participants with the knowledge, skills, and tools necessary to understand, prevent, and mitigate the risks associated with bribery and corruption in the global business environment. Through comprehensive training on anti-bribery and anti-corruption (ABAC) practices, participants will develop a deep understanding of relevant legal frameworks, ethical considerations, and risk management strategies. By fostering a culture of integrity and compliance, the course aims to empower participants to uphold ethical standards, ensure legal compliance, and safeguard their organizations’ reputation and competitive position in the marketplace.
LEARNING OBJECTIVES:
- Define bribery and corruption and understand their impact on businesses and society.
- Identify and analyse the key provisions of anti-bribery legislation globally.
- Recognize different forms and schemes of bribery and corruption.
- Understand the importance of reporting bribery and the mechanisms available for reporting.
- Conduct risk assessments to identify bribery and corruption risks within organizations.
- Implement effective compliance programs and controls to prevent bribery and corruption.
- Explain the obligations of companies and individuals under anti-bribery laws.
- Analyse real-life case studies and enforcement actions related to bribery and corruption.
- Develop strategies for mitigating bribery and corruption risks in various industries.
- Promote a culture of integrity and ethical behaviour within organisations to combat bribery and corruption.
COURSE OUTLINE:
- Introduction to Bribery and Corruption
- Definition and types of bribery
- Overview of corruption and its impact on businesses
- Statistics and case studies illustrating the prevalence and consequences of bribery and corruption globally
- Legal Framework
- International anti-bribery and corruption laws (e.g., FCPA, UK Bribery Act)
- Key provisions and requirements of anti-bribery legislation
- Comparison of anti-bribery laws across different jurisdictions
- Forms of Bribery
- Understanding different forms of bribery (e.g., bribery of public officials, commercial bribery)
- Case studies and examples highlighting various bribery schemes
- Identifying red flags and indicators of potential bribery
- Reporting Bribery
- Importance of reporting bribery and corruption
- Whistle-blower protection laws and mechanisms
- Internal reporting procedures and best practices for handling bribery allegations
- Risk-Based Analysis
- Conducting risk assessments to identify bribery and corruption risks
- Implementing effective risk management strategies and controls
- Due diligence processes for third-party relationships and business transactions
- Obligations for Companies and Individuals
- Responsibilities of companies and individuals under anti-bribery laws
- Compliance programs and measures to prevent bribery and corruption
- Consequences of non-compliance and enforcement actions
