Anti-Corruption FAQs & Resources

As a leading provider of HR Compliance eLearning, our experts are often asked about our Anti-Corruption Courses. We've collected all of those questions and answered them for you below...

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Anti-Corruption FAQs

Anti-Money Laundering FAQs

What is money laundering?

It is legally obtaining money and then concealing where it came from. It often involves transfers using foreign banks and legitimate businesses.

Why do you need to perform anti-money laundering checks?

Failure to report suspicious activity can be illegal and lead to substantial fines. There are numerous regulations that can be used to prosecute people concealing money laundering.

What is AML supervision?

All firms that provide accountancy services, company services, trust or related services (tax or audits) are required to be supervised by a professional body. As stated by the Money Laundering Regulations 2017.

What are the red flags for suspicious activity?

  • Large amounts of cash being used to purchase cashiers cheques or money orders
  • Large cash deposits or large bank balances
  • Transitions that stand out from normal bank activity
  • Multiple tax IDs & unverified documents
  • Transactions of money that are complicated and designed to hide where the money is coming from.
  • Concealing information about the business e.g. owner, partners and clients.

Anti-Bribery FAQs

Why is bribery wrong?

Bribery is wrong because it causes those receiving the bribery to have their opinion influenced. It causes the individual to base their decision on what gives them the largest personal profit, rather than the best interest of the matter in hand. These decisions could then have knock-on effects within a business. Bribery is illegal.

Who are the regulatory bodies?

There are 3 regulatory bodies:

  • ICAEW (Institute of Chartered Accountants in England & Wales, plus other Accountancy bodies)
  • Office for Professional Body Anti-Money Laundering Supervision (OPBAS).
  • Financial Conduct Authority (FCA)

How can I prevent bribery?

There are a number of effective ways you can prevent bribery from happening, including:

  • Having an effective anti-bribery policy in place
  • Make sure hospitality or gifts meet the right criteria
  • Conduct due diligence on parties giving gifts or hospitalities
  • Take extra care around foreign officials
  • Avoid facilitation payments
  • Report any concerns immediately

How can I stop bribery?

Whistleblowing has legislation in place to help those that want to come forward about bribery taking place to not get punished at work. For more information about reporting bribery, visit the National Crime Agency website

What is bribery?

Bribery is offering gifts or money with the intention of influencing the recipient's decision favourably to the people providing the bribe.

What types of bribery are there?

There are many forms of bribery but some of the most common types include:

  • Bribery of/by public officials
  • Bribery of/by a witness
  • Bribery of a foreign official
  • Bank Bribery
  • Sporting contest bribery

What is the difference between a bribe and a gift?

A Bribe is a gift of value given in the hope of influence or benefit.

A Gift is something of value given with nothing expected in return.

What is the bribery act?

The Bribery Act entails the 4 ways in which you can commit a crime of bribery. This Act makes it possible to convict people of committing bribery offences with a possibility of 10 years imprisonment, an unlimited fine and possibly confiscation of property. The 4 classifications of bribery are:

  • Bribing
  • Receiving a bribe
  • Bribing a foreign public official
  • Failure to prevent bribery

Fraud Prevention FAQs

What is Fraud?

Fraud is a criminal offence. It’s ‘wrongful or criminal deception intended to result in financial or personal gain’. It’s a type of theft which usually involves lies or confidence tricks to encourage someone to freely part with their money or goods through scams; or involves a breach of trust, such as misusing company assets. It’s about ‘cheating’ or ‘playing the system’.

What are the different types of fraud?

Action Fraud provide a full list of the types of fraud, some of the key categories being - pensions, banking and credit, business, charity fraud, financial investment, customer fraud, insurance fraud, cyber fraud, telecoms and advance fee. 

What is the Fraud Triangle?

It’s thought that a combination of three factors help explain why some people slip into fraudulent behaviour - particularly where money is concerned - firstly, an incentive - the need for something, secondly the opportunity to take it, and finally the ability to rationalise the crime. These make up the fraud triangle.

What is the Fraud Act 2006?

The Fraud Act identifies fraud as one offence that can be committed in three separate ways – fraud by false representation, fraud by failing to disclose information and fraud by abuse of position.

How common is Fraud in the UK?

In 2016, financial fraud losses across payment cards, remote banking and cheques came to  £768.8 million in the UK – a rise of 2% compared to 2015 (Financial Fraud Action UK Ltd).

How do I report fraud?

It’s vital that you watch out for red flags and it’s your responsibility to report anything suspicious. It’s good practice for an organisation to have a procedure in place for reporting red flags or suspected fraud. This is known as ‘whistleblowing’. A good whistleblowing procedure should enable you to report possible cases of fraud with complete discretion, often anonymously. Check out our Whistleblowing Training for more information…

You can also report fraud to the Metropolitan Police or Action Fraud...

FAQs regarding our Anti-Corruption courses

FAQs regarding our Anti-Money Laundering & Anti-Bribery courses

How long does this course take?

This Anti-Money Laundering course takes 30 minutes to complete and the Anti-Bribery training takes 25 minutes to complete. 

What approvals does this course have?

This course is CPD Accredited.

Why is this Anti-Money Laundering training important?

This training is important to ensure that employees are aware of the legislation surrounding money laundering as well as the regulations and responsibilities that the employees have. There is also an emphasis on the duty to report suspicious activity.

Who should take the anti-bribery training course and why?

This course is suitable for employees are in the possibility of being in situations where they could be exposed to the possibility of bribery or corruption. You should take anti-bribery training to ensure that you and your employees know the sign of bribery and the difference between gifting and bribery.

How long is my certificate valid for?

It is up to the training administrator of the employee as to when training needs to be refreshed. However, to stay up-to-date with legislation, we recommend that training should be renewed every year.

What devices can I get this course on?

Our courses can be completed on a range of devices, they’re compatible with Desktops, laptops, mobile phones, iPads and other tablets.

FAQs regarding our Fraud Prevention course

How long does the course take?

This training course can be completed in just 35 minutes. 

Why is this training important?

This Fraud Prevention training is important as the cost of fraud is huge. No organisation is immune - it affects companies, businesses and organisations of all sizes and types. It’s important that everyone knows how to recognise the signs of fraud and understands the consequences of becoming involved in fraud. Everyone has a role in preventing fraud.

What approvals does this course have?

This course is CPD Accredited. 

How long is my certificate valid for?

It is up to the training administrator of the employee as to when training needs to be refreshed. However, to stay up-to-date with legislation, we recommend that training should be renewed every year.​

What devices is this course available from?

Our courses can be completed on a range of devices, they’re compatible with Desktops, laptops, mobile phones, iPads and other tablets

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