Fraud and Bribery Flashcards
1
Q
What is the definition of Fraud?
A
Wrongful or criminal deception intended to result in financial or personal gain.
2
Q
What are the 3 classes of Fraud, as defined by the Fraud Act 2006?
A
Fraud by false representation
Fraud by failing to disclose information
Fraud by abuse of position
3
Q
What is the definition of Bribery?
A
Giving or receiving something of value with the intention of influencing the recipient to do something favourable to the giver of the bribe.
4
Q
What are the 4 key Bribery Act offenses?
A
- Bribing Another
- Receiving a Bribe
- Bribing a Foreign Official
- Failing to Prevent Bribery
5
Q
What is the maximum penalty of Bribery?
A
10 years imprisonment and/or an unlimited fine.
