Anti-Bribery & Corruption (ABC) in Asia

Objectives

On completion of this tutorial, you will be able to:

• Identify the different types of corrupt behaviour and the need to legislate against such behaviour

• Identify the types of offence under two prominent transnational anti-corruption laws (the US Foreign Corrupt Practices Act and the UK Bribery Act) – bribing another person, being bribed, bribing a foreign public official and the corporate offence of failing to prevent bribery – and the consequences of being found guilty of an offence under the relevant legislation

• Recognize the importance of a firm’s systems and controls in relation to managing bribery and corruption risks

Tutorial Overview

This tutorial is a guide for financial services staff at all levels to help them avoid the risks of bribery and corruption in the Asia Pacific. The tutorial details the relevant laws and regulations that firms and individuals need to follow, as well as the systems and controls that are used to manage the risks associated with bribery and corruption. The information is pitched so that the tutorial is relevant to those with no experience of the key transnational anti-bribery regimes (the US FCPA and the UK Bribery Act), although there is sufficient detail to make the tutorial useful to more senior managers as well. This tutorial refers to but does not cover the national anti-bribery legislation of Asia Pacific countries.

Prerequisite Knowledge

None

Tutorial Level

Introductory

Tutorial Duration

75 minutes