Anti-Bribery Management Systems ISO 37001


From 10:00 am until 6:15 pm

At Nicosia, Cyprus

€530.00 (subject to 19% VAT)

Course Overview

The environment that most businesses must operate in today includes, among other things, the risk of bribery and corruption. When these two very decisive risks occur, they must be effectively faced and handled by management.

A critical role in this effort falls under Internal Control Systems to Prevent Corruption and Bribery and Internal Audit which must have specialized knowledge on corruption and bribery issues and use specialized techniques to investigate them when they arise. In addition, senior management is tasked with assessing the various corruption and bribery risks and then instituting precautionary checks on all risky areas that designate Tone at the Top using recognized tools such as ISO 37001/2016.

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Training Objectives

During the seminar, all participants will receive information on numerous corruption and bribery schemes, understand how to assess corruption risk, how to identify “red flags”, how to investigate it. The seminar will teach participants how to adopt a more critical sceptical attitude in their daily activities.

At the end of the seminar, participants will approach the risks of corruption and bribery with a more sceptical attitude and doubt.

Training Outline
  • An analysis of International Standard 37001/2016 (understanding the organization, understanding stakeholder expectations, the role of top management, roles and responsibilities, designing and supporting anti-corruption and corruption targets, internal control systems and monitoring corruption risks corruption)
  • The motivation for corruption
  • Factors at project level which facilitate corruption
  • Factors at national level which facilitate corruption
  • How Corruption Occurs (during project identification, in the financing of the project, during the planning and design phases, during the pre-qualification and tendering phases, during the project execution phase, during the operation and maintenance phase)
  • Why Avoid Corruption (The risk of criminal prosecution, The risk of financial loss, The moral argument)
  • Criminal liability for individuals and organisations
  • Cost of Corruption
  • Items of corruption and corruption (political contributions, sponsorships and charities, facilitation payments, gifts, hospitality and expenses)
  • Red Signs (red flags) of corruption and bribery
  • 6 Factors in the fight against corruption and bribery
  • Analogue procedures (examples)
  • Commitment by top management (examples)
  • Corruption and bribery risk assessment (types of risks)
  • Thorough controls
  • Communication and education
  • Overview and Control of the Framework
  • Whistleblowing as a tool against corruption and corruption
  • Scenarios of corruption and corruption and ways of dealing with it
  • Conflict of interest situations
  • Internal Audit on corruption and bribery
  • Suppliers’ audits
  • Procurement fraud schemes
  • Controls of purchasing processes
  • Anti-Corruption Programme for Organisations
  • Risk Assessment and Due Diligence
  • Anti-Corruption Scorecard
  • Financial Controls
  • Anti-Corruption Training
  • Self-assessment of corruption and bribery risks

  • Who Should Attend
  • All executives and staff working in Internal Audit Units at all levels
  • Officers working in Compliance Units
  • External auditors
  • Members of the Audit Committees
  • Security professionals
  • Risk management analysts

  • Industry Expert | Konstantinos Triantafyllidis

    Former President of the Greek Institute of Internal Auditors (IIA Greece) for the period 2003-2008, and past member of the Audit Committee of the Greek Ministry of Economics and Finance. Mr. Triantafyllidis is a graduate of the Athens Economic University in Economic Science and holds an MBA in Banking. He is currently an Internal Audit consultant while he has over 30 years’ experience in external auditing, internal auditing in the banking sector and as Internal Audit Manager in various subsidiaries of Greek Banking Groups.

    Additionally he has obtained significant further training and practice in Internal Control Systems, Internal Audit and Risk Management and global best practices in auditing. He is a Certified Internal Auditor (CIA), a Certified Financial Services Auditor (CFSA) and possesses the Certification in Control Self-Assessment (CCSA). Furthermore he is a Certified Fraud Examiner (CFE) and Accredited Valuator of the Audit Activity by the International Institute of Internal Auditors (The IIA) a field where he is very actively involved. He is member of the External Quality Evaluators of Internal Audit Units of Eurozone’s Central Banks.

    Training Style

    The program is designed to provide knowledge and improve participants’ skills through short lectures, case studies, practical examples, real-time simulations.

    Participants will also benefit from feedback at the end of the program and will use the knowledge gained in their work. Most of the training time will be invested in real case studies that will help participants understand how to solve problems in similar situations.

    CPD Recognition

    This programme may be approved for up to 14 CPD units in Financial Regulation, Anti-Bribery and Anti-Corruption. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.

    For the CySEC requirements, CPD units attained from this course should not exceed the 50% of the total CPD Units of each individual.

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