How to identify and mitigate procurement fraud and corruption

Description

This training programme will provide those involved at any stage of the process for procuring goods and/or services within their organisations with the knowledge and skillset to identify and mitigate the threat posed by the breadth and multi-layered complexity of procurement fraud and corruption.

Course objectives

This course aims to increase and enhance delegates’ understanding of the various procurement fraud and corruption threats which impact upon them and the organisations, sectors and regions in which they operate and provide them with the tools necessary to mitigate those threats.

Who should attend

This course is aimed at a wide range of people since financial crime impacts upon every sector and at every level since it continues to manifest itself globally. Thus, it would be of value to those working in:

• Supply chain risk management professionals
• Public and private sector
• Risk and compliance professionals
• Those organisations that are expanding into emerging markets, joint ventures and mergers
• Accountants and auditors
• Project organisations
• Procurement fraud and corruption investigators
• Organisations subject to external sanctions and wish to show a holistic lessons learnt approach

Course outline

• Nature and scope of procurement fraud
• Manipulation of the procurement process with global case examples and live case studies provided to illustrate each step in the manipulation process
• Examination and analysis of individual and/or organised crime within the procurement cycle
• Creation of a procurement fraud risk lifecycle within an organisation
• Examination of the essential components for an effective and robust due diligence process and related procedures
• Collection, collation, exploration and evaluation of the data sources available to profile procurement fraud risk within an organisation
• Creating anonymous procurement fraud and corruption reporting vectors including hotlines and whistle-blower protection frameworks
• Exploring the nature and impact of the use of technology and data analytics to identify actual and potential procurement fraud and corruption
• Procurement fraud and corruption typologies from a national, regional and global perspective
• Designing of an organisational risk mitigation framework
• Creation and operation of a rapid and systematic anti-corruption and procurement fraud response
• Creation and management of an effective counter fraud culture
• Determination of the tender process with the identification of choke points and areas of vulnerability
• Establishing and monitoring of conflicts of interest
• Obtaining and maintaining an independent quality assurance mechanism
• Identifying and utilising a range of fraud identification and analysis tools and techniques
• Determining and detailing various specialist and technical support functions and personnel
• Using data to create an operational, tactical and strategic response

Steve has over 25 years and extensive professional expertise in procurement fraud and corruption risk identification and the design of risk frameworks to combat the impact of revenue loss 

Steve is the Company Director of Global Risk Alliance Ltd and the author of Procurement fraud and Corruption: How to identify and mitigate procurement fraud and corruption risk.  He was the technical working group lead for the design and creation of British Standard BS10501: Guide to implementing Procurement Fraud Controls.

A former Head of Intelligence and Head of Anti-corruption capabilities in UK Law Enforcement involved in the investigation of high value and complex fraud and corruption cases both in the UK and internationally. He was also part of the UK Working Group on Bribery in International Business.

He is the former Global Corruption Risk Advisor to the Chartered Institute of Procurement and Supply advising members on contract risk review and risk identification and mitigation approach. He has provided international consultancy and training programmes in various sectors including oil and gas, engineering, public sector, retail, media and local government in the Middle East, Australia, Kazakhstan, UK, West Africa and Indonesia.