Bribery Flashcards

1
Q

What is the Bribery act?

A
  • 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.
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2
Q

What do you if suspect money laundering?

A
  • Raise it with company director.
  • Fill out suspicious activity report and send into National Crime Agency
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3
Q

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

A
  • Concerned this could be money laundering so raise suspicions with National Crime Agency.
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4
Q

What is terrorist financing?

A
  • Solicitation, collection or provision of funds used to support terrorist acts or organisations.
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5
Q

Can you give some examples of modern day slavery?

A
  • People being forced to work against their will on a construction site for example
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6
Q

How do you report modern slavery?

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

Then get in touch with the NCA

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7
Q

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

A
  • Request that they sign an agreement that confirms they will conform with the information set on in the Bribery Act 2010.
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8
Q

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

A
  • Accepting cash or high value gifts
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9
Q

What must RICS regulated firms do in regard to bribery?

A
  • Written policy on anti bribery and corruption
  • Gift and Hospitality Register
  • Provide clear guidance for staff in preventing bribery / CPD
  • Appropriate Due Diligence
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10
Q

How does the act define a bribe?

A

Offering, promising or giving a financial or other advantage to a person to induce or reward a person to perform a relevant function or activity improperly

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11
Q

What are the penalties under the bribery act?

A
  • Unlimited fines
  • Up to 10 years imprisonment
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12
Q

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

A
  • D- Due diligence
  • T- Top level commitment
  • M- Monitor and review
  • C- Communication
  • P- Proportionate procedures
  • R- Risk Assessments
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13
Q

What are the key offences in the bribery act?

A
  • Bribing another person
  • being bribed
  • Bribing a public foreign official
  • Failure of a commercial organisation to prevent bribery
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14
Q

What guidance does the RICS publish on Bribery?

A
  • RICS Professional standard
  • Countering bribery, corruption and money laundering and terrorist finance 2019
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15
Q

What must firms do in relation to bribery?

A

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

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