Compliance Considerations: Anti-bribery and corruption

Compliance Considerations: Anti-bribery and corruption

Outline

Bribery and Corruption, just like fraud, can spike during extraordinary global events such as natural disasters, wars and pandemics, resulting in disruption to normal business and individual activities. Organisational objectives of transparency, business integrity and whistleblowing could get deprioritised as they may be perceived as non-essential, with general employee and client welfare, business community and disaster recovery taking precedence. An understanding of Anti-Bribery and Corruption practices is fundamental to manage compliance with relevant and applicable laws and regulations. During this session we will be focusing on the following areas:

  • Prevention of bribery and corruption and ensuring the highest level of ethical standards and transparency in conducting business is maintained;
  • Guidelines to mitigate the risk of staff from offering receiving, soliciting, promising or extorting bribes, either directly or indirectly;
  • Ways of mitigating the risk of the company being subject to legal, regulatory, fines or penalties and reputational damage;
  • COVID-19 implications on anti-bribery and corruption processes.

During our session, we will be discussing:

  • What is Bribery and Corruption;
  • Anti-bribery and corruption Processes;
  • Whistleblowing;
  • Roles and Responsibilities of Employees, Management and Committees;
  • COVID-19 implications on ABC processes focusing on immediate considerations and what to look out for including:
    1. Increased risk of corrupt behaviours, collusion and kickbacks due to pressure to sustain and grow books of business;
    2. Incentives offered to frontline staff;
    3. Exemptions to standard controls;
    4. Third party intermediaries;
    5. Covid-19 charitable donations and contributions;
    6. Relationships with Government.

Who should attend

This session is relevant to companies and individuals interested in obtaining an overview of how to combat Bribery and Corruption and avoid pitfalls that may lead to fines, penalties and reputational damage. 

Speakers

Joette Sciortino is an Associate Partner and Leader of the Managed Services Unit at EY Malta. She has over 10 years of experience in supporting and leading compliance engagements including financial crime and regulatory projects. Joette has spent four years in London supporting such projects, has assisted and led projects in Italy and worked on various other cross-border engagements. Joette has also assisted various local and foreign clients in drafting anti-bribery and corruption policies and procedures and in providing training to the clients’ relevant staff on such policies. Joette is a Certified Public Accountant and a member of the Malta Institute of Accountants.

Karen Massa is a Senior Consultant at EY Malta.  She joined EY Malta in 2014 in the IT Risk and Assurance sub-service line. Throughout the years she has had the opportunity to work with different sub-service lines including Managed Services. Karen has a BSc Degree in Business and Computing and a B.Com (Honours) in Management. She is also a member of ISACA. Karen has worked on different engagements including but not limited to IT Risk, Cybersecurity and IT Audits as well as Transaction Monitoring, ABC assessments, Fin Crime etc. 

CPE Accreditation

This is a CPE Accredited event.

Registration 

Admission fee for this session is €35 (incl. VAT).  The price for both Compliance Consideration sessions is €60 (incl. VAT).

Please register by following this link

For further information, please send an email to events@mt.ey.com

Webcast

Compliance Considerations: Anti-bribery and corruption

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