Anti-Corruption In The Shipping Industry


Anti-Corruption In The Shipping Industry 

Globally, the World Economic Forum has estimated that the cost of corruption is about US$2.6 trillion a year, and it has a damaging effect on countries’ GDP, on businesses, on all stakeholders. It create some significant risks like reputation risk, financial risk, compliance risk, risk of penalties etc. and corporations need to put anti-corruption on the agenda. Companies and organizations like Rolls Royce, FIFA, Siemens, Petrobras, Odebrecht and many others have damaged their reputation so badly that it might never been the same again. Board Members, top managers and even employees have been convicted and companies have been fined billions of USD in fine. Corporations need to be proactive, mitigate the risk and prevent the business, top management, employees, investors and other stakeholders from corruption.

Key Benefits of Attending

  • Achieve a better understand of corruption and anti-corruption


  • Understand the high risks related to corruption


  • Understand the consequences of corruption


  • Understand how the corruption risk can be mitigated


  • Recognize necessary steps for preventive and proactive actions


  • Recognize how to protect the stakeholders


  • Recognize how ISO 37001 certification can improve and implement an anti-corruption program and mitigate the high risk.

Who should attend

  • Ship Owners, Managers, Board Members and Operators
  • Compliance officers
  • Offshore Vessel Owners
  • Ports & Terminals, officers
  • Classification Societies and Maritime Consulting
  • Maritime Authorities and Ship Registries
  • Accounting Firms
  • Law Firms
  • Banking & Finance
  • Private Equity and Shipping Investment Trust
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DATES: 13 December


LOCATION: CMS Training Centre, Limassol

TIME: 09:00 – 17:00

FEES: €350 + VAT

[/vc_tta_tabs][vc_cta h2=”Discounts”]2-3 subjects or participants 10% Discount

4+ Subjects or participants 15% Discount

Members of YoungShip Cyprus 20% Discount

Members of Cyprus Shipping Association 20% Discount


NB: For larger groups of people or for groups participating in more than one subject, please note that we offer greater discounts, please contact us for an offer.[/vc_cta]

Registration Form

If you need help completing the online registration form, please give us a call at 2227 4470 or email us at [email protected] 

Course Agenda

In-House Training

If you would like to discuss bringing this or another topic to your organization on an in-house basis please call us at 22274470 or email us at [email protected].

Instructor: Knut Olsen 

Dr. Knut Olsen is a Chartered Global Tax Practitioner and a Chartered Transfer Pricing Specialist and a partner in Dr. K. Olsen Global Tax in Norway, a company that was voted as ‘a world leading tax firm’ in 2016 & 17 by World Tax. Mr Olsen has 36 year of experience in taxation and specialises in international taxation, tax risk management, transfer pricing & tax appeals and supports multinational corporations worldwide. As a global business advisor for large multinational corporations, Olsen fully understand international business and the challenges it faces, pitfalls and risks, but also opportunities and solutions.