Bribery

Question 1

Name key legislation in relation to gifts, bribery and corruption?

Answer 1

Bribery Act 2010

Proceeds of Crime Act 2002

Question 2

What is a bribe?

Answer 2

The giving, offering, promising of an advantage such as a payment, gift or service for an action which is illegal or a breach of trust.

Question 3

What are the key principles of the Bribery Act 2010?

There are 6….

Answer 3

Proportionality

Top Level Commitment

Risk Assessment

Due Diligence

Communication

Monitoring and Review

Question 4

What are the four offences?

Answer 4

Giving a bribe

Receiving a bribe

Bribing a foreign official

Failing to prevent a bringe

Question 5

Who is responsible for surveyor’s corrupt acts?

Answer 5

Firms

Question 6

What are the rules surrounding hospitality?

Answer 6

Corporate events could be considered a form of bribery.

Hospitality not bribery under Bribery Act 2010.

Question 7

What are the penalties for bribery?

Answer 7

Max 10 year imprisonment

Unlimited Fine

Question 8

Who polices cases of bribery?

Answer 8

Serious Fraud Office

Question 9

What is your firms gift policy?

Answer 9

• No cash accepted.
• All gifts to be registered via gift register.
• If below the value of £50, to be signed off by line manager.

Question 10

Why is it important for members to be solvent?

Answer 10

If not solvent (financially secure)

• Member may be more susceptible to accepting a bribe.
• More likely to mishandle clients money.

Question 11

What would you do if you suspected someone of bribery in your firm?

Answer 11

In line with policy:

• If safe confront the person directly.
• Inform best practice team
• My firm has a global confidential whistleblowing hotline.

Question 12

If you went abroad, would the rules under the Bribery Act 2010?

Answer 12

Comply with local legislation

Also adhere with RICS guidance where possible

Most important: to maintain ethical behaviour and act inside the law and ethically, objectively and with competence.