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Flashcards in Bribery Deck (16)
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1

What is a bribe?

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

2

What are the 6 principles to prevent bribery?

D - due diligence
T- top-level commitment
M - monitoring and review

C - Communication (including training)
P - Proportionate procedures
R - Risk Assessment

3

What is corruption?

The misuse of public office or power for private gain, or misuse of private power in relation to business practice and performance

4

What is the penalties of bribes?

Penalties
Expulsion
Imprisonment

5

What would you do if the contractor invites you to a football match?

A

6

What would you do if a contractor offered to take you out for lunch?

A

7

During your interim valuation, the contractor gave you a bottle of wine. What do you do?

A

8

What do you do if a contractor offers you a crate/ bottle of whiskey/ diary at Xmas?

A

9

What are the key bribery offences?

- Bribing another person
- Accepting a bribe
- Bribing a public / foreign official
- Failure of commercial organisation to prevent bribery

10

How should you respond to a gift offering?

Dependent on gift but gifts should not be accepted or offered if they are likely to compromise you or your firm’s integrity.

11

What is acceptable in relation to gifts?

Self-promotion and improving a firm’s image is acceptable.

12

What should be considered in regards to gifts?

- What is the value of the gift – Mace policy to report/log anything over the value of £25
- Is the gift for one person or range of people?
- Is the gift reasonable and proportionate? IE, a company pen or a music concert…
- Is it for genuine business purposes
- The timing of the gift – IE during a tender, or final account would not be appropriate

13

What is the Anti Bribery Act 2010?

Came into force in July 2011
Act of Parliament
Applies to British citizens and residents and corporations
Potential 10-year sentence or unlimited fine

14

What is the Countering bribery, corruption, money
laundering and terrorist financing Prof Statement?

Risks
Bribery & Corruption
How I am susceptible
Money Laundering

15

What must firms do in relation to bribery?

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

16

What should companies do in relation to gifts?

Have a gift and hospitality policy
Adhere to Prof Statement on gifts