Bribery

Question 1

What is the Bribery act?

Answer 1

• Bribery Act 2010 is an act of parliament by the UK parliament that covers criminal law relating bribery.
• Specific training module on bribery, code of conduct which staff have to read and answer questions one.

Question 2

What do you if suspect money laundering?

Answer 2

• Raise it with company director.
• Fill out suspicious activity report and send into National Crime Agency

Question 3

A client wants you to be responsible for making payments and give you 500k in cash, what do you do?

Answer 3

• Concerned this could be money laundering so raise suspicions with National Crime Agency.

Question 4

What is terrorist financing?

Answer 4

• Solicitation, collection or provision of funds used to support terrorist acts or organisations.

Question 5

Can you give some examples of modern day slavery?

Answer 5

• People being forced to work against their will on a construction site for example

Question 6

How do you report modern slavery?

Answer 6

• Section 52 on the 2015 modern slavery act states you have a duty to report it.

Then get in touch with the NCA

Question 7

How would you make sure your staff know their obligations around bribery?

Answer 7

• Request that they sign an agreement that confirms they will conform with the information set on in the Bribery Act 2010.

Question 8

Can you give me an example of a bribe under the act?

Answer 8

• Accepting cash or high value gifts

Question 9

What must RICS regulated firms do in regard to bribery?

Answer 9

• Written policy on anti bribery and corruption
• Gift and Hospitality Register
• Provide clear guidance for staff in preventing bribery / CPD
• Appropriate Due Diligence

Question 10

How does the act define a bribe?

Answer 10

• Giving or receiving a financial or other advantage in connection with the improper performance in a position or trust

Question 11

What are the penalties under the bribery act?

Answer 11

• Unlimited fines
• Up to 10 years imprisonment

Question 12

What are the principles for preventing bribery in the bribery act 2010?

Answer 12

• D- Due diligence
• T- Top level commitment
• M- Monitor and review
• C- Communication
• P- Proportionate procedures
• R- Risk Assessments

Question 13

What are the key offences in the bribery act?

Answer 13

• Bribing another person
• being bribed
• Bribing a public foreign official
• Failure of a commercial organisation to prevent bribery

Question 14

What guidance does the RICS publish on Bribery?

Answer 14

• RICS Professional standard
• Countering bribery, corruption and money laundering and terrorist finance 2019

Question 15

What must firms do in relation to bribery?

Answer 15

Written policy
Provide training
Adhere to RICS rules
Meet Anti bribery, money laundering, and countering terrorist financing Professional Statement