Gifts and Bribery Flashcards
1
Q
What is the key legislation for bribery?
A
The Bribery Act 2010
2
Q
What does the Bribery Act 2010 do?
A
It aims to reduce bribery in business in the UK and abroad.
3
Q
What is a bribe?
A
It can be where someone gives, offers, promises or receives an advantage such as a payment, gift or a service for an action which is illegal or a breach of trust
4
Q
What are the 6 principles of the Bribery Act?
A
- Proportionality
- Top level commitment
- Risk assessment
- Due diligence
- Communication
- Monitoring and review
5
Q
What are the 4 offences of the bribery act?
A
- Bribing
- Being bribed
- Bribing a foreign public official
- Failing to prevent bribery
6
Q
Who is responsible for ensuring their employees do not make corrupt act?
A
The firm
7
Q
What are the penalties for not adhering with the Bribery Act 2010?
A
Max penalty of 10 years imprisonment, and a unlimited fine for individuals and companies.
8
Q
Who polices the Bribery Act 2010?
A
The Serious Fraud Office
9
Q
A
