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In the UK anti-bribery and corruption are governed by the Bribery Act 2010.
Bribery is defined as giving or receiving an unearned reward to influence someone’s behaviour while corruption is any improper or unlawful behaviour that seeks to gain an advantage through illegitimate means.
Would you be able to spot bribery or corruption in your workplace?
Take our quiz to find out
True or False
The Bribery Act is intended to make it significantly easier for enforcement agencies to bring successful prosecutions in respect of corruption offences committed at home in the UK and abroad.
True – This is why an anti-bribery policy is needed as it can help protect your business
A customer gives you a box of chocolates to be shared with your team as a thank you gift is it okay to accept
Yes – If they’re not trying to coerce you into doing something unlawful that is fine
Money or goods given to a public official to perform or speed up the performance of an existing duty do not amount to an offence of bribery
False – A facilitation payment is a bribe and should be seen as such
The maximum sentence for individuals found guilty of an offence of bribery is:
A) 3, B) 8, C), 10 years
10 – Consequences for bribery are severe with a maximum penalty of 10 years imprisonment and unlimited fines for individuals
Are ethical companies more profitable
True – A report by the institute of business ethics found that companies with a code of ethics generated significantly more economic and market value add than those without
How many did you get right? Whether you got five out of five or none it’s important to stay up to date with anti-bribery and corruption legislation.
To learn more about how you can prevent bribery and corruption in your business visit ethixbase.com
