• Governance I Risk I Compliance Management

What can financial institutes do to safeguard themselves from bribery and corruption?

Corruption in the finance industry has revealed itself in the form of several disgraces involving money laundering, tax evasion and even rate rigging. With finance being the heart of the economy and general civilian life, instances of bribery and corruption in this particular sector undercuts the public’s trust in the very financial institutions needed for everyday life. Since the global financial crisis of 2008/2009, several elevated transformations have been embarked on covering both the regulatory level and the operational level within banking institutions.

There are of course many key tools that aid in securing this industry from undergoing illicit activities to safeguard both it’s reputation and moral in the view of the public eye. Crucial anti-bribery and anti-corruption tools to consider within the banking sector include:

  • implementing strong anti-bribery rules
  • implementing strong anti-money laundering rules
  • managing the stakes correlated with politically exposed persons as banking clients and tools to counter investment confidentiality.

To effectively counter corruption and promote integrity, these rule-based methods should be complemented with measures to stimulate a culture of veracity in banks and financial institutions. These can include codes of conduct, public oaths, building incentives for integrity in remuneration packages and careful management of conflicts of interest. These measures should be accompanied by strong oversight and measures to ensure there is no immunity for criminal behaviour.

Here at ABAC®, we intend on being apart of the solution. Therefore, we are hosting a live training session on the 30th of September exploring the Pitfalls Most Organisations Often Commit – the importance of implementing Anti-Bribery Management System (ABMS). Being a part of the solution means sharing our knowledge so society is one step closer to an ethical reality. At the end of the live session you will have obtained a Continuing Professional Development (CPD) certificate and Certificate of Attendance (COA) as well as a complimentary ABMS Awareness Training for two people (per company), the live session recording and more…


Live training objectives:

  • What are the core Bribery and Corruption Risks for Financial Institution?
  • How to protect financial institutions and corporations from bribery and corruption risk
  • Reparations from bribery that could affect the businesses, clients, and employees
  • Successful regulations to mitigate risk for bribery and corruption.
  • What can be done if bribery is detected?
  • Internationally recognised solutions laid forth by ISO 37001: Anti-Bribery Management System that gives businesses effective controls to mitigate risk

What do we offer?

  • Learn from the notable experts with more than 30 years of experience in economic crime investigations
  • Attain a Continuing Professional Development (CPD) certificate
  • Complimentary ABMS Awareness webinar (two slots per company)
  • Webinar recording and speaker’s slides provided
  • e-Book on ABMS Insights provided
  • Certificate of attendance provided

Join us for our live training session on Thursday the 30th of September (08:00 to 10:00 GMT | 15:00 to 17:00 MYT | 12:00 to 14:00 GST). Register your place for this live training session here and find out how to tackle the issue of bribery and corruption in your workplace before it has time to manifest itself into a greater issue. Finance is the greatest asset to the economy after all.


Components of risk management at a financial institution

A discussion of the ISO 37001 is projected to ensue as this standard can be used by any organization, substantial or small, whether it be in the public, private or voluntary sector, and in any country. It is a compliant tool, which can be adapted according to the size and nature of the organization and the bribery risk it faces.

Our training live session shall feature information regarding bribery, including consequences of bribery and defences to bribery as well as an overview of the regulatory framework. The course is aimed at businesses who wish to widen their knowledge and expertise regarding the ISO 37001 Anti-bribery Management System standard.

This standard helps to assess bribery risks, perform the appropriate due diligence required for your business and to take reasonable and proportionate steps to ensure that controlled organizations and business associates have implemented appropriate anti-bribery controls. We will also be exploring how the implementation of such a standard aids in examining and dealing fittingly with any actual or suspected bribery within the corporation and also how to implement appropriate financial, procurement and other commercial controls so as to help prevent the risk of bribery.

When employees see that higher level executives are subject to the same ethical standards as the individual at the lowest level of the flow chart, they understand that the organization is serious about its commitment to having and ethical workplace free of fraud, corruption, and bribery.



Meet our Speakers…

Dato' Sri Akbar Satar - Orange


Founder and President of the Association of Certified Fraud Examiners (Malaysia), Managing Director of Akhbar Corporate Integrity Services | info@akhbarassociates.com | +6017 256 0811

Dato’ Sri Akhbar Satar is the Founder and President of the Association of Certified Fraud Examiners (Malaysia). He is the Managing Director of Akhbar Corporate Integrity Services. He is the Director of Polygraph Science Academy Malaysia and Akhbar & Associates Sdn Bhd. Akhbar Satar holds a master’s in criminal justice from the University of Detroit, USA. Akhbar is a Certified Polygraph Examiner. He has dealt with many corruption and other related white-collar crimes such as forgery, cheating and criminal breach of trust and fraud. He has spoken widely on the mentioned disciplines in seminars and conventions held locally and overseas. He served the Anti-Corruption Agency (ACA) Malaysia for almost 20 years. During his service with the ACA, he has held various managerial and head department posts, including the Director of Training and State Director of ACA Negeri Sembilan, Malaysia.

Zafar I Anjum - Orange


Group Chief Executive Officer, Corporate Research and Investigations and ABAC® Center of Excellence

  • zanjum@crigroup.com | +44 207 6861415

Zafar Anjum is the founder and Group CEO at CRI Group and ABAC® Center of Excellence. CRI Group is a global due diligence firm focused on fraud prevention and security among corporate clients, government agencies and industry groups, and its ABAC® Center of Excellence – an independent certification body, established to provide certification and training in internationally recognised ISO standards for risk, compliance, anti-bribery and anti-corruption management. Zafar Anjum has over 30 years of experience in economic crimes. He uses his extensive knowledge and expertise in creating stable and secure networks across challenging global markets. For organisations needing comprehensive project management, security, safeguard and real-time compliance applications, Zafar Anjum is the assurance expert of choice for industry professionals. He was recently awarded as an “Exceptional Expert” in white-collar crime investigations by Financier Worldwide.

About ABAC® Center of Excellence

ABAC® is an independent certification body powered by CRI Group. ABAC® Center of Excellence offers a complete suite of services and solutions designed to educate, equip & support the world’s leading business organisations with the latest best-in-practice risk & performance assessments, systems improvement & standards certification. ABAC® programs protect your organisation from damaging litigation & safeguard your business in the global marketplace by providing certification & training in internationally recognised ISO standards, such as ISO 37001 Anti-Bribery Management SystemsISO 37301 Compliance Management Systems and ISO 31000 Risk Management Systems.

GET A FREE QUOTE  or CONTACT US to discuss your anti-bribery, risk and compliance needs.