Anti-Bribery and Corruption - Necessity, benefits and instruments of an anti-bribery and corruption program
When people think off bribery and corruption, they often imagine the exchange of suitcases full of money in dark alleys or invitations to lavish trips or events. The topic is also more associated with less developed countries or only certain sectors like construction or sports. Given the fact that Luxembourg consistently scores high in the Corruption Perception Index, makes it easy to think that "this doesn’t happen here".
Yet, bribery and corruption often take much more subtle forms, e.g. the exchange of favours and information, concealed payments or circumvention of normal procedures.
Our Global Economic Crime Survey 2020 one-third of all respondents say they had either been asked to pay a bribe or had lost an opportunity to a competitor who they believed had paid a bribe.
Bribery and corruption are among the top types of fraud experienced. Out of the companies accused of committing a financial crime, corruption was most often the charge.
Still, most companies said that they do not have a programme to address bribery and corruption risk and half of all respondents either don’t perform or perform only informal due diligence of third-parties. Fewer than 3 in 10 companies perform limited testing of the operating effectiveness of their controls, and another 12% do no testing at all.
PwC's Academy offers a training to raise awareness for the risks of bribery and corruption that also companies and institutions in Luxembourg face and what they can do to manage those risks. The training gives an overview of international legislation on the topic and tips for implementing a robust compliance program.
By the end of the course, participants will be able to:
- Explain the different forms of bribery and corruption
- Understand their extent in an international and national context
- Identify suspicious behaviours or suggestions
- Be more vigilant in their day to day tasks
This module covers the following:
- Overview of different forms of bribery and corruption
- International and national laws, regulations and penalties
- Components of an anti-bribery and -corruption program
- Requirements in other countries and sectors that can serve as a model
- Governance structures and internal controls
- Third Party Due Diligence
- Risk assessments
- Case studies and discussion
A qui s'adresse la formation?
- Board members or management
- Internal auditors, Compliance Officers or Risk Managers
- Members of procurement and accounting departments
- Staff directly dealing with suppliers, providers and clients
- Senior members of staff and supervisors
- New joiners
An attendance certificate will be sent to participants.