Gifts, Bribery & Corruption

Question 1

What is the difference between a gift + bribe?

Answer 1

Gift - given without expectation of term

Bribe - something given or promised in expectation of a change in behaviour

Question 2

What is a gift?

Question 3

What is a bribe?

Answer 3

Something given or promised in expectation of a change in behaviour

Question 4

What key legislation relates to gifts?

Answer 4

Bribery Act 2010

Question 5

When did the Bribery Act come into force?

Answer 5

1 July 2011

Question 6

What is the Bribery Act + what 6 principles is it based on?

Answer 6

Aims to reduce bribery business in UK + abroad

Based on proportionality, top level commitment, risk assessment, due diligence, communication, monitoring + review

Question 7

What are the four offences under the Bribery Act 2010?

Answer 7

1. Bribing
2. Receiving a bribe
3. Bribing a foreign public individual
4. Failing to prevent bribery

Question 8

What are the penalties for breaching the Bribery Act 2010?

Answer 8

Individuals - max penalty of 10 years imprisonment +/or unlimited fine

Companies - unlimited fine