Anti Bribery and Money Laundering

Question 1

How do you ensure that you comply with bribery legislation?

Answer 1

Ensure I follow my companies anti-corruption and bribery policy

I never accept cash or cash equivalent

All gifts and/or hospitality are registered on the gift/hospitality register to ensure transparent behaviour

Question 2

How do you ensure you comply with your firms bribery and gift policy?

Answer 2

The giving or receipt of hospitality is acceptable if it complies with the law and is given openly and without the intention of influencing

All gifts and hospitality must be registered

Question 3

How would you keep Clients money safely and securely held?

Answer 3

Client monies kept separate and clearly identifiable with the work ‘client’ included in the account name

Client money should be available on demand and should always be in credit

Maintain client ledgers

 

Question 4

What is a bribe?

Answer 4

Something given in expectation of a change of behaviour.

Question 5

What constitutes an offence under the bribery act?

Answer 5

Giving a bribe.

Accepting a bribe.

Bribing an official/foreign official.

Not having systems in place to prevent bribery.

Question 6

What are principles of Bribery Act 2010?

Answer 6

1) Monitoring & Review
2) Top level commitment
3) Communication
4) Due diligence
5) Proportional procedures
6) Risk assessment

Question 7

What RICS guidance is there on Bribery?

Answer 7

Professional statement - Counter bribery money, corruption, money laundering and terrorist financing