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A new professional accredited qualification to boost business and public sector defences against bribery and corruption – the first leading to professional Institute membership – was launched today by the CIPFA Counter Fraud Centre and the City of London Police, Economic Crime Academy.
The Certificate in Anti-Bribery and Corruption Studies, will equip counter-fraud, finance and regulatory compliance specialists with up-to-date knowledge of corrupt practices, legislation and investigation. Delegates will benefit from the substantial expertise of Economic Crime Academy officers in combating corruption.
Certificate holders will be eligible for CIPFA affiliate membership and the benefits of being part of a growing anti-fraud and corruption professional community.
This world-leading approach to professionalism comes as global leaders gather in London for a major summit on tackling corruption.
Rachael Tiffen, Head of the CIPFA Counter Fraud Centre, said:
“For too long, ‘greasing the wheels’ has been accepted as a way of doing business. But corruption smothers competition and takes money from all our pockets.
“We need specialists who are trained to see through complex finances and weed out corrupt practices. Our new qualification is a world-leading step in building a robust anti-corruption profession.
“Today’s summit is putting anti-corruption high on the agenda around the world. We hope it will deliver a new era of international cooperation and information sharing.”
Kathy Hearn, Director of the City of London Police Economic Crime Academy, said:
“This qualification will give those in businesses, charities and the public sector the necessary understanding and skills to tackle bribery and corruption both from within their own organisations and to counter the external threats.
“We have one of the finest capabilities in combating financial crime here in the City of London Police. Through specialists embedded in the Economic Crime Academy, we can pass that expertise to others and widen the fight against economic crime in the UK and internationally.”
Under the Bribery Act 2010, UK businesses can be fined for failing to counter corrupt practices. Developing professional anti-corruption defences will help organisations adhere to their legal obligations, as well as minimising corruption threats to their business.
Specialists will be trained to bring insight across a range of business operations. For example, they will be able to implement adequate procedures, a vital component of anti-bribery controls. They will know how to keep track of key business meetings to ensure they are properly recorded. They will also be able to advise management and employees on propriety around hospitality and gifts.
Often, corruption forms part of an established culture and is seen as part of normal business. Anti-corruption professionals will be trained to identify and challenge these conventions and to support ‘whistleblowers’ so that employees feel able to raise concerns. These approaches are vital for building trust and confidence in organisations.