Ethics

Question 1

What are offenses under the Bribery Act 2010

Answer 1

• Bribing another person
• Being bribed
• Bribery of foreign public officials
• Failure of commercial organizations to prevent bribery.

Question 2

What are the 6 principles of the Bribery Act 2010

Answer 2

• Proportionality
• Top-Level Commitment
• Risk Assessment
• Due Diligence
• Communication
• Monitoring and Review.

Question 3

When was: Countering Bribery And Corruption, Money Laundering And Terrorist Financing published?

Answer 3

February 2019

Question 4

What are the 3 parts of the bribery and corruption statement?

Answer 4

• Mandatory requirements for anti-bribery and corruption and for anti-money laundering and terrorist financing.
• Guidance setting out good practice.
• Supplementary guidance on concepts from 1 and 2.

Question 5

What is the guidance on money laundering is within: Financial Crime: Bribery, corruption, money laundering, terrorist financing and sanctions 2019

Answer 5

• have systems and training in place to comply with the law
• report any suspicions of money laundering to relevant authorities and senior management.
• evaluate and review the risks
• carry out appropriate checks on clients and customers
• take appropriate measures to understand the client and purpose of transaction
• verify identity of the client by basic id checks
• record and retain information detailing how the firm has met the requirements of this professional statement.

Question 6

Can you run through the steps you’d take if you were starting a new practice and you wanted to be regulated by the RICS?

Answer 6

Inform RICS - Firms detail form/ Appoint a contact officer / Register with RICS for regulation/ Arrange PII/ Money handling procedure/ Gain approval for complaints handling procedure/ set up complaints log/ appoint complaints handling officer/ obtain logo kit from RICS / Plan for succession or future if sole practitioner (locum)/ ensure CPD is logged / Set up staff training plan/ RICS annual return.