Did You Know?
More than USD 1 trillion is paid in bribes annually.
Corruption can add up to 10% to the total cost of doing business globally, and up to 25% to the cost of public procurement in developing countries.
An estimated USD 200 billion per year in bribes exchanges hands for public procurement bids.
The effects of bribery and corruption are widespread. Bribery and corruption inflict
serious social, economic and political damage. Participating in bribery and corruption undermines public confidence and destroys trust.
For these reasons and many more, organisations adopt a strict zero tolerance policy towards bribery and corruption.
By the end of the course, you will be able to:
Identify the damaging effects of bribery and corruption
Identify the "red flags" — warnings for possible illegal payments or other corrupt activities
Explain our organisation’s systems and controls to manage the risk of bribery and corruption
Apply anti-bribery laws to business scenarios
In The News
Regulators and law-enforcement agencies worldwide are focusing more attention on aggressively investigating and prosecuting bribery and corruption.
Recent high-profile cases illustrate the serious consequences for individuals and organisations that violate anti-bribery laws and regulations.
Penalties and negative publicity can severely tarnish an organisation’s reputation and hurt future business.
Click each of the names to see how.