Understanding and Responding to Bribery & Corruption Red Flags

Corruption is a form of dishonesty or a criminal offense, undertaken by a person, or an organization entrusted with a position of authority, in order to acquire illegal benefits or abuse power for one's private gain. Corruption may involve many activities, which include bribery and embezzlement, and it may also involve practices which are still legal in many countries.

Political corruption occurs when an office-holder or other governmental employee acts in an official capacity for personal gain.

Corruption and crime are widespread sociological occurrences that appear with regularly in virtually all countries on a global scale in varying degrees and proportions.

The term “red-flag” means a warning, a clue that there may be a problem, a sign of danger. When it comes to bribery and corruption there are a number of signals that are given off in arrangements for various activities that act as warning or red flag that something may be amiss.

Check out / Register for our NEW online training course HERE.

New Citadel Advantage Online Course on Illumeo on Key Risk Indicators (KRIs)

A new CITADEL ADVANTAGE online training course has just been published by ILLUMEO on Key Risk Indicators.

Key Risk Indicators (KRIs) are the measures and metrics that relate to a specific risk and show a change in the likelihood or result of that particular risk occurring. KRIs provide an early warning to identify potential events that may harm continuity of an activity, operation or a project. Their use is an integral part of the risk management process.

This course provides an introduction into understanding, developing and using KRIs in everyday business activities. In this course, we will discuss how KRIs fit into the risk management spectrum, how KRIs are developed and how they are used.

CHECK THE NEW COURSE OUT HERE

Online Mini-Courses

For almost 19 years Citadel Advantage has been producing high quality training courses aimed at the Governance, Risk Management and Compliance space.

We have and continue to offer a wide & comprehensive range of professional courses and training programs in the core areas of governance, compliance, operational risk management, payment & treasury systems, fintech, blockchain and operations/back office management. Our programs are mostly 2-day units with some 1-day units for shorter topics. Some programs are more involved and can run for 3, 4 or even 5-full days.

In recent times and especially since the COVID-19 crisis emerged some 6 months ago, there has been a growing demand for online programs that are much shorter and that get to heart of these issues, providing all the information you need in much shorter sessions of between 60 and 90 minutes.

With this in mind, Citadel Advantage is happy to introduce our Online Mini-Courses - short, to the point sessions that get to the nub of the issue, giving you all the information that you need at your office or home at a fraction of the cost of the typical two-day program. 

MANAGING OPERATIONAL RISK IN A SMALL BUSINESS - Click  HERE

THE A TO Z GUIDE TO MANAGING OPERATIONAL RISK - Click HERE

In-house training

Have you ever considered going IN-HOUSE for your professional training needs?

The benefits are substantial. You can check them out HERE.

Check out available courses HERE.

• Need something specifically to cater to your company's needs?
• Need more information?

Contact us at courses@citadeladvantage.com

Citadel Advantage's Richard Barr in Amsterdam (January 2020)

Blockchain Unmasked

By Stanley Epstein

"For many of us, as we advance further and further into this new digital world, we are assailed by a plethora of new technologies, new terms, new ways of thinking and new ways of processing transactions.

One of these technologies is the blockchain.

Few people really understand what the blockchain is, but banks, financial institutions, IT organizations, consultants and even the general public are all abuzz about blockchain technology and how it is going to revolutionize finance."

To read the rest of this article please visit ILLUMEO's Blog >> HERE

New On-line Training Course - Understanding the Blockchain

Few people understand what the blockchain really is, but banks, financial institutions, Information Technology (IT) organizations, consultants and even the general public are all abuzz about blockchain technology and how it is going to revolutionize finance.

Bitcoin. Blockchain. Cryptocurrencies. ICO's. 

These are terminologies that everyone’s talking about, but what do these words really mean?

Find out in this brand new on-line course that will provide you with clear definitions and a explanations for the blockchain; the theory, the technology, the process, the use-cases and much more.

Additionally we are also going to give you a great 10% course discount. Just use Coupon Code CITADEL10 when you register.


Sign up for this course TODAY! 

Check out our other great on-line courses HERE

New On-line Courses from Citadel Advantage

INTERNATIONAL TRADE FINANCE (a full course in four parts)

Although the full course is divided into four parts, which together form a complete picture of international trade, its various instruments, its operations and its financing, each part may be
studied as a stand-alone unit.

This course will be of especial interest to banking, business, and import/export professionals who wish to expand their knowledge base as well as enhance their expertise and advance their careers in or gain a deeper understanding of the international trade finance arena.

The course provides a comprehensive foundation for understanding all aspects of International Trade Finance in a global context, covering the key principles, concepts, infrastructures, practices, issues, and current developments.
Part 1 - Trade Finance Instruments

Part 2 - Payment Instruments

Part 3 - International Payment Systems
 
Part 4 - Supply Chain Finance 

Please click on the Part Title for more information

NEW On-line Course from Citadel Advantage

INTERNATIONAL TRADE - PART 2: PAYMENT INSTRUMENTS

Join Citadel Advantage’s Stanley Epstein in this ILLUMEO on-demand training course.

This course provides a comprehensive foundation for understanding all aspects of International Trade in a global context. This is the first of four-part collection, covering the key principles, concepts, infrastructures, practices, issues, and current developments in the world of International Trade Finance.

Part 2 of the course covers:

• The key concern in International Trade in providing a safe conduit for the transfer of ownership of the shipment in return for payment.
• A comprehensive examination of the different payment Instruments that may be used to settle International Trade transactions, including the process, the advantages/disadvantages and the risks attached to each.

 For Details & Registrations

Operational Risk Management Training - Athens, Greece

Don't miss CITADEL ADVANTAGE's great Operational Risk Management training course in Athens, Greece on 1 & 2 September, 2016.

Join us for a 2-day intensive course on the fundamentals of the management and mitigation of Operational Risk in banks.

This course is an intensive introduction to Operational Risk Management and Mitigation. It is designed to provide a practical “hands-on” approach to participants which will furnish them with all the tools and techniques they need to begin implementing what they have learned almost as soon as they return to the office.

You can get more details of this course HERE>>

April Webinars from Compliance OnLine

Compliance Online, the largest GRC network, offer a comprehensive range of Banking & Financial Compliance Webinars.

Check out their April program. For details click on the program title.

REGISTER NOW!!

Use Coupon Code 320934 to get a 10 % Discount

 

6 April 2016

Standby Letters of Credit (for Credit Managers)

8 April 2016

Service Level Agreements (SLAs) - Preparation Guidelines for Effective SLAs

 

SOX: Internal Controls for Accounts Receivable 

 

13 April 

Cyber Incident Response: The Payments Perspective - Threat Intelligence and Best Practices to Manage Threats 

 

15 April

 
Building a World Class Accounts Payable Operation: P2P, AP 

 

28 April

Detecting and Preventing Embezzlement in Your Organization 

 

Get the Brochure for Operational Risk Management - London - 19 & 20 May 2016

For details about our London Operational Risk Management training course simply request a full brochure

 



e-Mail us at courses@citadeladvantage.com with OPSRISK-LONDON in the subject line

Citadel Advantage now on FACEBOOK

We are now on FACEBOOK.

Check us out HERE>>

FATCA compliance a problem? Join our London training workshop

The first reporting deadline for FATCA, 31 of March 2015, is fast approaching. Meanwhile, many foreign financial institutions (FFIs) and associated organisations are still not clear on what they should be doing.

Day after day the phone rings in our offices. And it’s the same question or variations of it… again and again and again.

• “We are an investment firm … and we need help with getting FATCA on track”
• “…small investment bank … our staff are at a loss over FATCA”
• "We have a small problem with FATCA … can you help us getting started?”

FATCA of course refers to the US Foreign Account Tax Compliance Act which became law in March 2010. FATCA targets tax non-compliance by US taxpayers with foreign accounts and offshore assets. To make the whole think work, foreign (to the US that is) financial institutions have to report about financial accounts held by US taxpayers or foreign entities in which US taxpayers hold a substantial ownership interest. To solve the extra-territorial and confidentiality issues a whole slew of IGA (Inter Governmental Agreements) have been concluded by the US with just about every country there is.

Under FATCA all foreign financial institutions must disclose US account holders and their account activities. Failure to comply with FATCA will be costly and may subject foreign financial institutions to a 30% withholding tax on US-sourced payments.

If you are not certain or are at a loss as to what you have to do and how this has to be done, this one-day training course is for you. 

REGISTER NOW!


Join Citadel Advantage’s Richard Barr in LONDON – 18 March 2015 for Eureka Financial's "FATCA Compliance Workshop for Foreign Financial Institutions".

This practical course will provide all participants with;

• A sound understanding of FATCA,
• How to identify a ‘US person’ (not simply a US citizen but a much wider scope),
• What ‘US indicia’ are and how they are to be applied,
• An understanding of difference between existing and new accounts at 1 July 2014,
• What the FATCA reporting requirements are (what is reported, how is it reported, when it is reported and to whom),
• An understanding of the progressive reporting requirements over the next several years,
• What due diligence is in the FATCA sense,
• How due diligence is to be performed,
• What constitutes ‘acceptable’ documentary evidence,
• What ‘self certification’ is and how it is accomplished,
• Which financial products are to be reported on,
• Which financial products and services are exempted from FATCA reporting,
• Where to obtain ongoing guidance and clarification ... and much more

The course complies with the FATCA requirements and guidance as set out by HMRC.


FOR COURSE REGISTRATION AND OTHER DETAILS – CLICK HERE