Anti-Bribery Procedures

Course Background:

After a lengthy gestation period spanning almost decades, the UK Bribery Act 2010 (“the Act”) comes into force on 1 July 2011.  It has been described as “the toughest anti-corruption legislation in the world”, although the UK government believes that it will boost the prospects of UK business through their enhanced reputation for ethical standards.  The Act introduces some new criminal offences including a very strict requirement for UK corporates to prevent bribery anywhere in the world committed on their behalf and for their benefit.  The Act is also notable in that it demands higher standards in certain respects than comparable anti-corruption laws in other jurisdictions.

While all UK corporates need to be aware of the Act’s prohibitions and requirements, the need for FSA regulated financial services to have systems and controls to seek to prevent them becoming a victim, perpetrator or conduit of any financial crime is longstanding.  Accordingly, such firms are in a relatively good position to prepare for the Act and are likely to be able to leverage an existing framework of appropriate procedures in their preparation.

Course Overview:

This course provides a solid background to the UK’s statutory requirements, offences and defences in relation to bribery and how they dovetail with existing regulatory obligations dealing with the associated areas of financial crime, inducements and conflict of interest management.

Course Objectives:

At the end of this course you will be able to:

• Identify how existing and (when necessary) enhanced procedures currently addressing existing regulatory obligations can manage and mitigate such bribery risks that your firm might face
• Describe the implications of the criminal offences in the Act and determine their practical impact within your business

 Key topics:

• Introduction to the new Act
• Existing, associated regulatory provisions
• Overview of criminal offences and penalties
• Extraterritorial application
• Adequate Procedures defence and Ministry of Justice Guidance
• Practical implications for and impact on financial services firms

Course aimed for:

Anyone working in a financial services firm, particularly “Significant Influence Function” holders who hold the responsibility for the effective operation of anti-financial crime systems and controls with the firm.

Duration: 1.5 hours

Location: IMS offices

Open Course Price: £300 + VAT per delegate

Maximum Numbers: 15

This course can also be delivered as an onsite course or as a component of our Online and Instructor Led Training packages.

Please click here to view our open course training schedule for our next available Anti-Bribery Procedures course. Alternatively if you would like to enquire about onsite delivery of this course or to discuss our training packages in more detail, please contact Peter Moore on 0207 408 2448 or your usual IMS consultant.