Understanding and Responding to Bribery & Corruption Red Flags

Why Should You Attend:

Corruption and crime are widespread sociological occurrences that appear with regularly in virtually all countries on a global scale in varying degrees and proportions. Political corruption occurs when an office-holder or other governmental employee acts in an official capacity for personal gain.

The term “red-flag” means a warning, a clue that there may be a problem, a sign of danger. When it comes to bribery and corruption there are a number of signals that are given off in arrangements for various activities that act as warning or red flag that something may be amiss.

This course:

• Provides a clear understanding of the world of bribery and corruption.
• Will assist participants to Identify the various red flags that raise warnings about possible bribery and corruption.
• Explains the key element of the compliance function.
• Provides details of the various responses that may be taken to the different red flags.

These suggested responses can be used as a starting point to help identify the most common third-party red flags, or risk indicators.

Areas Covered in the Webinar:

• Corruption
• Types of Bribery
• Solving the Corruption Problem
• Compliance
• What the Law Requires
• Voluntary Guidelines & Frameworks
• Red Flags
• Corruption Red Flags (Business Process Specific)
• Suggested Responses

Who Will Benefit:

• Directors and all levels of management
• Operations and business staff at all levels in the business
• All forms of commercial and financial firms
• Government agencies and central banks
• Risk Managers
• Compliance Managers
• HR Managers
• Compliance Analyst/Investigators
• Due Diligence Departments or Individuals
• Corporate Management
• Directors, CEOs, CFOs

Stanley Epstein
Company Director & Principal Associate, Citadel Advantage

Stanley is a Principal Associate and Director of Citadel Advantage Ltd., Since 2001 Citadel Advantage has been working with banks and financial institutions to make them safer and more profitable, through consulting and training, specifically in the key areas of Governance, Risk Management and Compliance.

Stanley has over 40 years of banking and IT experience, 33 of which were with the Standard Bank of South Africa where during the 1990s he filled an industry level role holding several key positions including that of Chairman of the PASA Risk Committee. He also represented South Africa at two sessions, in New York, of UNCITRAL (the United Nations Commission on International Trade Law).

He holds a Master Degree in Economics and a Bachelor of Commerce (BCom.) degree, both from the University of South Africa, Pretoria.

Stanley has had extensive exposure to banking practice and banking operations in a number of countries including the USA, United Kingdom, South Africa, Israel, Europe and Australia. He has also acted as advisor to a number of central banks on payment systems, oversight, policy and payments risk issues.

More recently, he spent time in the high-tech sector as a payment systems designer and consultant to a global payments software developer.

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