Learn ABC principles, key laws, identify bribery forms, develop compliance programs, and conduct due diligence and internal investigations

Learning Objectives:

• Understand the key principles of anti-bribery and corruption (ABC) compliance and the importance of ethical business practices.
• Learn about global anti-bribery and anti-corruption laws.
• Identify common forms of bribery and corruption, including gifts, facilitation payments, and conflicts of interest.
• Develop skills to design and implement an effective anti-bribery and corruption compliance program.
• Understand how to conduct third-party due diligence to prevent involvement in corrupt practices.
• Learn how to handle internal investigations related to bribery and corruption and report to regulatory bodies.
• Explore real-life case studies and enforcement actions to understand the risks of non-compliance.

Course Outline:

Introduction to Anti-Bribery and Corruption (ABC) Compliance:

• Definitions of bribery and corruption and their impact on business and society.
• The importance of promoting an ethical corporate culture.

Key Global Anti-Bribery Laws:

• Overview of the FCPA, UK Bribery Act, and other relevant international laws.
• Understanding differences in local laws and their impact on multinational operations.

Common Forms of Bribery and Corruption:

• Examples of bribery in business, including kickbacks, gift-giving, and facilitation payments.
• Identifying conflicts of interest and how they can lead to corrupt practices.

Building an Effective Anti-Bribery and Corruption Program:

• Key components of an effective compliance program (policies, training, audits).
• Setting up reporting mechanisms and whistleblowing procedures.

Third-Party Due Diligence:

• Conducting risk assessments and due diligence on partners, suppliers, and agents.
• Identifying and mitigating risks of third-party involvement in bribery.

Internal Investigations and Reporting:

• Steps for conducting an internal investigation related to bribery.
• How to handle findings, disciplinary actions, and reporting to regulatory authorities.

Case Studies and Enforcement Actions:

Real-world examples of companies penalized for bribery and corruption.

Lessons learned from enforcement actions and how to avoid similar pitfalls.

Best Practices for Anti-Bribery and Corruption Compliance:

• Developing a strong corporate compliance culture and commitment to ABC

Duration:

2-3 Days (depending on the depth of topics and case study discussions).

Level: Intermediate to Advanced

• Suitable for compliance officers, legal professionals, risk managers, and executives responsible for corporate governance.

Prerequisite:

Basic understanding of corporate governance, compliance, or exposure to ethics and regulatory compliance topics.

Category:

• Corporate Governance/Compliance
• Risk Management/Regulatory Compliance