This is a practical hands-on intensive course on ethics in business; and how to identify and prevent bribery, corruption, unethical conduct, and conflicts of interest.
In recent years, scores of economies, from Britain to Brazil have followed America’s lead in tightening anti-bribery enforcement. Offences that once drew a mere reprimand now attract fines that run into hundreds of millions of dollars together with long prison terms for offending employees and managers.
Bribery directly damages your business and your reputation. However your business is not the only victim. The wider losers are the government and the larger society, both of whom are severely undermined by the weakened rule of law and damaged economic and social development. As such, Governments are making anti-corruption programs an integral part of compliance.
All firms, corporate or other need to have an effective compliance program wherever they operate and in whatever industry they operate.
This two-day/multi-session, intensive training course, is a practical look at corruption, current anti-corruption practices and how to effectively comply at a level that equips participants with both a clear definition and guidelines as to how this scourge can be fought. This course also provides a set of detailed issues and checklists to help make setting up your own anti-corruption program easy to do.
The objectives of this training course is to provide all staff, irrespective of whether they work in the front-, middle- or back-office, with a sound foundation how to recognize corruption and comply with anti-corruption/compliance standards and practices. This training is provided in a practical “hands-on” manner that allows participants to implement what they have learned easily and effectively the minute they return to the office.
This course provides a complete structured package for learning in all main aspects of the subject of fighting corrupt practices. It will enable participants to prepare and manage the planning and implementation of the necessary control processes in the business that they work in irrespective whether it is a bank/ financial institution or other type of firm.
Learning Objectives:
- What corruption is and how to recognize it
- How to set up your own anti-corruption program and ensure compliance with both regulation, as well as international conventions
- Red Flags and other warning signs that point to corrupt practices
- How to implement a process that will allow you to continually improve your anti-corruption measures without overwhelming your organization
- Steps you can take to better understand your global corruption risks
- The need for ongoing risk assessments and review
- Why third-party due diligence can make or break your program
- The dilemma of the whistleblower
- The key issues surrounding ethical business practices
- Managing conflicts of interest
Methodology:
This is a highly interactive course comprised of presentations, case studies, multidirectional discussions and comprehensive exercises.
Most importantly, it will offer participants, opportunities to plan such work within small working groups, providing practice in the application of the techniques and tools generating active participation.In-Person Seminar going Virtual with increased learner satisfaction.
Yes, attend this seminar from anywhere. We are making it real and more interactive – Here's a sneak peek:Our enhanced delivery process and technology provides you an immersive experience and will allow you to access:
- The real-time and live presentation as in in-person events
- Private chat for company-specific conversation – the same as you would get in an in-person seminar
- Opportunities to connect with your peers to share knowledge at a different time and have group discussions
- Live workshop activities
- Live Q&A during the event and offline Q&A assistance after the event
- As usual more content, activities and case studies and now adding homework for a comprehensive understanding
- Certification
Who will Benefit:
This practical hands-on training course has been designed for all businesses both large and small. The following job titles/ positions will benefit from participating;
- Ethics & Compliance Executives/Managers
- General / Corporate Counselors
- Corporate Legal Executives/Managers
- Business Division Managers
- Branch and Regional Management
- Supply chain and procurement directors, managers and their staff
- Board members, especially risk and audit committee chairs and members
- Heads of market, credit, and operational risk
- Head of Risk Management
- Risk Officers
- Compliance Officers
- Audit Officers
- Financial Officers
- Auditors (External & Internal)
- Risk management consultants
- Session 1:
- What is corruption?
- The corruption problem
- Understanding corruption
- Dealing with corruption
- Current worldwide trends
- Bribery & Corruption risk indicators
- Solving the corruption problem
- How Corruption is Fought
- US Foreign Corrupt Practices Act (FCPA)
- What the FCPA prohibits
- What make up a ‘violation’
- OECD Anti-Bribery Convention
- What the Convention covers
- UK Anti-Bribery Act
- What the Act covers
- US Foreign Corrupt Practices Act (FCPA)
- How do you recognize corruption?
- Corruption defined
- Most common types of corrupt acts
- Conditions that facilitate corruption
- How you combat corruption
- Compliance/ Bribery Red Flags
- General red flags
- Transaction specific red flags
- Payment red flags
- The Six Principles for Combating Bribery
- Proportionate procedures
- Top level commitment
- Risk assessment
- Due diligence
- Communication and training
- Monitoring and review
- What is corruption?
- Session 2:
- Creating an Effective Anti-Corruption Program
- A practical approach to creating an effective anti-corruption program
- Why a compliance program is important
- Components of a compliance program
- A timeline for a sustainable program
- A Practical “How To” program
- Hands-on guidance on what companies should consider and include in their compliance programs to make certain that their international partners, agents, consultants, and subsidiaries comply with the law.
- Consultant due diligence review
- What should be investigated?
- Due diligence information sources
- Agreement preparation
- Consultant information package
- Internal payment controls
- Protocols, procedures, education and training
- Internal audit review
- Participants are provided with detailed checklists of the key issues that have to be addressed.
- Hands-on guidance on what companies should consider and include in their compliance programs to make certain that their international partners, agents, consultants, and subsidiaries comply with the law.
- Illustrative Case Studies
- Application of the ‘Six Principles’ through a comprehensive series of illustrative case studies. These studies clearly show how the various aspects of the ‘Six Principles” are applied in practice.
- The illustrative case studies cover;
- Facilitation payments
- Proportionate procedures
- Joint ventures
- Hospitality and promotional expenditure
- Assessing risks
- Due diligence on agents
- Community benefits and charitable donations
- Top level commitment
- Each case study involves a detailed group discussion as to the potential solution followed by the presentation of detailed step-by-step procedures.
- Creating an Effective Anti-Corruption Program
We examine each of these principles in detail, and explore and discuss the key components of each as well as the sub-issues that need to be addressed. The section includes detailed procedures for meeting the principles.
- Session 3:
- Case Study – EU Procurement
- Government contracting is growing less competitive, and often more corrupt. This case study takes a closer look at a range of EU countries together with a view of the popular scams currently in operation.
- Unethical Conduct
- What is ethics?
- Applied ethics
- Fields in which ethics is used
- Business ethics
- Unethical practices and conduct
- Current and emerging issues in ethical/unethical conduct
- Conflicts of interest
- Ethical & Unethical Behavior Examples in the Workplace
- We examine a range of modern workplace examples in terms of ethical and unethical behavior. By looking at practical examples, we are able to move away from theory and enhance the learning experience with practical cases to everyday situations. Essentially these examples create a set of rules and regulations that need to be followed by all staff.
- Case Study – EU Procurement
- Session 4:
- Whistleblowing
- Whistleblowing defined
- Whistleblower types – we examine internal, external and third-party whistleblowers, as well as whistleblowing in the private and public sector.
- Prosecution/Persecution of Whistleblowers
- Legal protection for whistleblowers
- We look specifically at the EU, the UK and the USA
- Understanding Compliance
- Regulatory compliance
- Compliance Challenges
- Compliance Standards
- Compliance versus Ethics
- JP Morgan Case Study
- In November 2016 J P Morgan agreed to pay $264m to settle breaches under the US Foreign Corrupt Practices Act. JPMorgan employees had known that the firm was potentially violating the FCPA yet persisted with their improper hiring program of the children of prominent Chinese officials because the business rewards and new deals were deemed too lucrative
- Whistleblowing
Richard Barr
Operational Risk & Back Office Specialist
Richard holds a B.S. in International Business Administration from San Jose State University in California. His professional experience spans over 30 years. The first 5 years were spent with Wells Fargo Bank. Another 5 were spent honing his global banking skills, when Richard was intimately involved with International Trade Finance, Real Time Gross Settlement and International Payments, Cross Border Banking.
Richard then repositioned into the private and high-tech sectors providing high-level consulting services, business analysis, project management and training to a wide range of banking clientele across the globe.
He has spent extensive time servicing a diversity of corporates and “financial institutional” clients, in China, Singapore, Hong Kong, Philippines, Korea, Malawi, Ghana, Nigeria, Kenya, South Africa, Poland, Sweden, Ireland, Netherlands, Greece, United Kingdom, Norway, Georgia, Bermuda and across North America. Clients that Richard has trained & consulted to include with such notable firms as ANZ Bank, AIB Bank, Eurobank, ABSA Bank, CitiBank, Swedbank, IBM, Montran and Fundtech, as well as many others.
Richard has also filled the role of advisor to ministries of finance, central banks on risk management, corporate governance, cash management, payment systems and technical payment and risk issues. Furthermore, key staff members from the Georgia Ministry of Finance, Bank of England, South African Reserve Bank, Central Bank of Ireland, Bank Indonesia, European Central Bank, Norgesbank, Central Bank of Kenya, Central Bank of Tanzania and Bank of Portugal have attended training sessions presented by Richard.
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