Bribery Act 2010 Webinar 19 May 2011 Final


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REDTRAY webinar hosted in conjunction with Duane Morris LLP regarding the impending Bribery Act 2010.

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  • Most recent campaign results
  • [Main presentation title here] Education, education, education China example Culture Tone at the top & mood in the middle Who will own e.g. audit committee? Japan example – all teddy bears in a room Zero tolerance China example – sack next quarter Due diligence on third parties e.g. agents And then a proper contract process telling them they must agree to your policy, be audited etc Get to know audit committee No de minimis –example of $50 bribe and level set by audit committee 2742556_1
  • Tracy will interject and ask if there’s any questions at this stage for Jonathan and ask any that might have come through the chat area.
  • Bribery Act 2010 Webinar 19 May 2011 Final

    1. 1. Welcome We will be starting promptly at 11.00am. For the purposes of today’s session, your microphones will not be switched on, but you will be able to use the chat area on the right hand side of your screens to talk to other attendees and ask any questions. If you have experience any technical difficulties with any aspect of the session, please call 01225 303890.
    2. 2. Bribery Act 2010: Countdown to 1 July 2011
    3. 3. Agenda <ul><li>Welcome </li></ul><ul><li>Bribery and Corruption: To the UK and beyond </li></ul><ul><li>Harnessing learning technologies to ensure compliance </li></ul><ul><li>Questions </li></ul>
    4. 4. Today’s speakers Vicky Jones, REDTRAY Vicky works with REDTRAY clients to create effective compliance learning solutions. Jonathan Armstrong, Duane Morris LLP Jonathan specialises in corporate law, focusing on technology and compliance.
    5. 5. Poll <ul><li>Q: Have you ever been asked to take a bribe? (Please note answers are anonymous!) </li></ul><ul><li>Yes </li></ul><ul><li>No </li></ul><ul><li>Not saying! </li></ul>
    6. 6. Poll 2 <ul><li>Q: Do you think your organisation will be prepared for the Bribery Act coming into force on 1 July 2011? </li></ul><ul><li>Yes </li></ul><ul><li>No </li></ul><ul><li>Taking steps towards this </li></ul>
    7. 7. Bribery and corruption – To the UK and beyond Jonathan Armstrong, Duane Morris LLP
    8. 8. New UK Legislation <ul><ul><li>“ Toughest enforcement standard in the world“ </li></ul></ul><ul><ul><li>Enacted 8 th April 2010 </li></ul></ul><ul><ul><li>Guidance published 30 th March 2011 </li></ul></ul><ul><ul><li>In force 1 st July 2011 </li></ul></ul><ul><ul><li>Applies to public & private officials </li></ul></ul><ul><ul><li>Replaces legislation stretching back to 1889 </li></ul></ul><ul><ul><li>Important new offence of failure to prevent bribery </li></ul></ul>
    9. 9. Who’s Who? <ul><li>Ministry of Justice (MoJ) </li></ul><ul><li>Serious Fraud Office (SFO) </li></ul>
    10. 10. Extra territorial reach <ul><li>The offences of giving and receiving bribes and bribing foreign public officials apply to </li></ul><ul><ul><ul><li>UK entities wherever the act occurs (even if US owned) </li></ul></ul></ul><ul><ul><ul><li>UK citizens and individuals ordinarily resident in the UK regardless of where the relevant act occurs </li></ul></ul></ul><ul><ul><ul><li>non-UK nationals & entities if an act or omission forming part of the offence takes place within the UK </li></ul></ul></ul><ul><li>“ relevant function/activity” does not need to have a connection with the UK </li></ul>
    11. 11. Issues with FCPA policies <ul><ul><li>‘ Foreign Public Official’ </li></ul></ul><ul><ul><li>Hospitality </li></ul></ul>
    12. 12. Hospitality and promotional expenditure <ul><li>MoJ says: </li></ul><ul><ul><li>“ Hospitality and promotional expenditure can be employed improperly and illegally as a bribe” </li></ul></ul><ul><ul><li>Professional education often a cover </li></ul></ul><ul><ul><li>‘ lavish’ </li></ul></ul><ul><li>MoJ wants to trigger a review of hospitality standards </li></ul><ul><li>SFO say “used.. to groom employees.. into a position of obligation and thereby prepare the way for major bribery” </li></ul>
    13. 13. Issues with FCPA policies <ul><ul><li>‘ Foreign Public Official’ </li></ul></ul><ul><ul><li>Hospitality </li></ul></ul><ul><ul><li>Bans facilitating payments </li></ul></ul><ul><ul><li>De minimis levels </li></ul></ul><ul><ul><li>Adequate procedures </li></ul></ul><ul><ul><ul><li>Policies must be reviewed </li></ul></ul></ul><ul><ul><ul><li>“ clear, practical, accessible and enforceable” </li></ul></ul></ul><ul><ul><ul><li>Legal issues with helplines </li></ul></ul></ul>
    14. 14. Countries involved in recent cases <ul><li>Nigeria </li></ul><ul><li>Philippines </li></ul><ul><li>Romania </li></ul><ul><li>Russia </li></ul><ul><li>Saudi Arabia </li></ul><ul><li>Serbia </li></ul><ul><li>Spain </li></ul><ul><li>Thailand </li></ul><ul><li>UAE </li></ul><ul><li>Uganda </li></ul><ul><li>United Kingdom </li></ul><ul><li>Venezuela </li></ul><ul><li>Vietnam </li></ul><ul><li>Argentina </li></ul><ul><li>Azerbaijan </li></ul><ul><li>Bahrain </li></ul><ul><li>Bangladesh </li></ul><ul><li>Bolivia </li></ul><ul><li>Bosnia </li></ul><ul><li>Brazil </li></ul><ul><li>Bulgaria </li></ul><ul><li>Burma </li></ul><ul><li>China </li></ul><ul><li>Congo </li></ul><ul><li>Costa Rica </li></ul><ul><li>Croatia </li></ul><ul><li>Ecuador </li></ul><ul><li>Equatorial Guinea </li></ul><ul><li>Egypt </li></ul><ul><li>Gabon </li></ul><ul><li>Haiti </li></ul><ul><li>Hungary </li></ul><ul><li>India </li></ul><ul><li>Indonesia </li></ul><ul><li>Iraq </li></ul><ul><li>Israel </li></ul><ul><li>Kazakhstan </li></ul><ul><li>Korea </li></ul><ul><li>Latvia </li></ul><ul><li>Malaysia </li></ul><ul><li>Mexico </li></ul>
    15. 15. <ul><li>Policy review/implementation </li></ul><ul><li>Education, education, education </li></ul><ul><li>Look at subsidiaries & their compliance </li></ul><ul><li>Associated persons </li></ul>The next 6 weeks
    16. 16. Resources <ul><li>UK legislation – </li></ul><ul><li>Dodd-Frank – </li></ul><ul><li>Webcasts – </li></ul><ul><li>Podcast – </li></ul><ul><li>Twitter – </li></ul>
    17. 17. Questions? <ul><li>[email_address] </li></ul><ul><li>020 7786 2117 </li></ul>
    18. 18. Harnessing learning technologies to achieve compliance Vicky Jones, REDTRAY
    19. 19. Poll <ul><li>Do you currently leverage any learning technologies to help manage compliance programmes within your organisation? </li></ul><ul><li>Yes </li></ul><ul><li>No </li></ul><ul><li>Would like to </li></ul>
    20. 20. Poll 2 <ul><li>If you do leverage these technologies, do you use any of the following: </li></ul><ul><li>e-learning </li></ul><ul><li>LMS </li></ul><ul><li>Virtual Classrooms </li></ul><ul><li>A blended approach </li></ul><ul><li>Other </li></ul>
    21. 21. Harnessing learning technologies to ensure compliance <ul><li>Compliance affects all organisations </li></ul><ul><li>Technology playing a more vital role </li></ul><ul><li>Growing recognition amongst senior management </li></ul><ul><li>Technology can be advantageous in compliance programs </li></ul><ul><li>Communication and training are essential </li></ul><ul><li>‘ Organisations that have not considered the impact of the change in the law really need to consider the steps they are going to take before the Act takes effect in April. Those that have not put an appropriate training and communications programme in place for their staff risk exposing themselves to unnecessary breaches and penalties.’ </li></ul><ul><li>- Ben Luddington, Grant Thornton, Jan 2011 </li></ul>
    22. 22. Compliance Content Measurement Accessibility Flexibility Reporting Integration & Security
    23. 25. Communication and training checklist <ul><li>Content </li></ul><ul><ul><li>relevant, applicable and current </li></ul></ul><ul><ul><li>custom created or purchased off the shelf </li></ul></ul><ul><li>Measurement </li></ul><ul><ul><li>content alone is not enough </li></ul></ul><ul><ul><li>ensuring the right people have accessed the materials </li></ul></ul><ul><li>Accessibility </li></ul><ul><ul><li>reaching a large number of users </li></ul></ul><ul><ul><li>making it easy </li></ul></ul><ul><li>Flexibility </li></ul><ul><ul><li>to update content and assessments </li></ul></ul><ul><ul><li>to update user details and changes where applicable </li></ul></ul><ul><li>Reporting </li></ul><ul><ul><li>Robust reporting for audit purposes </li></ul></ul><ul><ul><li>Ability to set deadlines to achieve compliance </li></ul></ul><ul><li>Integration and Security </li></ul><ul><ul><li>HR data aligned and training records are updated </li></ul></ul><ul><ul><li>Content and user data is secure </li></ul></ul>
    24. 26. Questions? <ul><li>[email_address] </li></ul><ul><li>020 7451 4681 </li></ul>
    25. 27. Thank you! Slides from today’s session will be emailed to you, along with a complimentary copy of REDTRAY’s whitepaper on ‘How to build a compliance culture’. <ul><li>[email_address] </li></ul><ul><li>020 7786 2117 </li></ul><ul><li>[email_address] </li></ul><ul><li>020 7451 4681 </li></ul>