Risk Governance

Financial and economic crime are ever worsening threats, with increasingly adverse impacts on organisations and society in general. Effective strategies to counter, deter and where possible prevent these threats are extremely important, as is the ability to detect and successfully investigate potential cases and take appropriate corrective action. This course takes a holistic approach to proactively countering, auditing, detecting, investigating and prosecuting corrupt and fraudulent behaviour, drawing upon current international good practice and forensic technologies.

We will explore a range of topics in detail such as cybercrime, economic crime (including money laundering) and fraud and corruption in procurement and contracting. Ideal for those that have a role to play in: combating, detecting, or undertaking investigation of, fraud and corruption; developing, reviewing or auditing organisations’ counter fraud and corruption arrangements.

Anti-Money Laundering (AML) and Counter Terrorism Financing laws and regulations are there to tackle money laundering and the financing of terrorism. They also target activities that include market manipulation, trade of illegal goods, corruption and evasion of tax, as well as all activities that aim to conceal these deeds.This training will give your team a clear understanding of how terrorism works and how it is financed. This program imparts the skills needed to identify possible threats to your institution through situational awareness, mitigate terrorist financing risks, and build a capable Rapid Response Team.

Over the last two decades, corruption has become a significant policy area in international and domestic public sector governance. Continuing calls to establish a Government anti-corruption, and Financial intelligent and integrate with other agencies and organisations highlights the need for Government Institutions to understand and implement anti-corruption strategies as part of contemporary public sector administration.

The workshop will be conducted in three primary ways: Presentations followed by problems and a case discussion. Either a well-known international case or a local case will be discussed in each module. Modern business and financial practices ought to be built on the four and six Pillars of governance: (1) responsibility; (2) accountability; (3) transparency; (4) fairness.; (5) Corporate Citizenship and Stakeholders inclusivity; and Ethics and Leadership. These four, six pillars are essential to the successful implementation of the OECD Principles of CG and kings report of South Africa. These pillars provide the values that are crucial in enhancing the efficiency in curbing corruption, money laundering and ATC as well as cyber.

Learning Outcomes

On completing this course, learners should be able to:

• Understand what money laundering is;
• Understand what counter-terrorism financing is; and
• Explain their responsibilities under the law.
• Preventing the laundering of the proceeds of corruption .
• Financial intelligent Act and Authority as a measure
• Anti-Corruption Agencies as a measure and their roles.
• Developing appropriate preventive measures.
• An understanding of internal controls, the roles, and responsibilities of management, and critical monitoring activities such as internal auditing.
• Elements of an effective code of conduct.
• Understanding of the local and international legal and regulatory frameworks, including the CG Rules, Sarbanes-Oxley Act, the UK Cadbury Code of Corporate Governance FRC, EU regulations, the South African King Reports 1V, and similar regulations and recommendations.

Training Methodology

We at ICDRC talent solutions will work with the participants to create cultural and intercultural effectiveness to understand diversity. This will be achieved through a highly interactive presentation which will include several management games, paper-pencil exercises, activities, role plays, videos, and robust practice sessions. You get an opportunity to discuss, share, and learn from the ideas with other industry participants as well. Institute of Corporate Directors Research Center talent solutions follows the approach of Do-Review-Learn-Apply. Participants should end the workshop with a clearer sense of the options, constraints, opportunities and priorities in considering the next steps towards Corporate Governance Codes and its applicability to Human Resource. A great strength of the Institute of Corporate Directors Research Center training approach lies in the diversity of opportunities it provides for participants to learn. Those who learn most by doing and sharing can benefit from the innovative range of participatory exercises and case studies that this course will offer.

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