Mandatory - Ethics Flashcards
Bribery Act 2010?
UK legislation: Bribery Act 2010
Aims: Combat bribery, corruption
Offenses: Offering, receiving bribes
Foreign public officials bribery
Commercial organizations’ failure to prevent bribery
Prosecution: Individuals, organizations
Penalties: Fines, imprisonment
Defenses: Adequate prevention procedures
Scope: UK, abroad
Ethical business promotion: Integrity, transparency
Compliance requirements: Anti-bribery policies, due diligence
RICS General Guidance Note on Countering Bribery, Corruption, Money Laundering, and Terrorist Financing?
Definitions
Risk assessments
Implementing policies
Performing customer due diligence
Transaction monitoring
Providing training
Establish reporting mechanisms
Comply with sanction regimes
Monitor and review
Support members
Definitions and Legal Framework: Clear definitions and overview of relevant legislation.
Risk Assessment: Conducting thorough risk assessments.
Policies and Procedures: Implementing robust anti-financial crime policies.
Customer Due Diligence (CDD): Performing effective CDD measures.
Transaction Monitoring: Implementing systems for monitoring transactions.
Training and Awareness: Providing comprehensive training programs.
Reporting Mechanisms: Establishing clear reporting mechanisms for suspected instances.
Sanctions Compliance: Ensuring compliance with international sanctions regimes.
Monitoring and Review: Regularly monitoring and reviewing anti-financial crime policies.
Aim: Supporting members in upholding integrity and ethical conduct.
Money laundering 2017?
Definition: Concealment of the origins of illegally obtained money
Rules:
Not to facilitate
Report suspicious activates to relevant authorities
General risk assessment
What types of documents do the RICS produce? (These are now being replaced with Professional Standards, and Practice Procedures)
Information Papers
Guidance Notes
Codes of Practice
Practice Statements
International Standards
When have you provided a high standard of service?
On the South Dock Marina project I worked for which was for a public client but only had experience in project management. Client not familiar with the contractual process. Explained all reports and documents issued to them and promptly answered any queries they had
When have you taken responsibility?
On the MTC project, agreed a cost reporting protocol with the PM and Client- how often issued, draft issued to CA for discussion, hold commercial meetings with the contractor one week before issue to get most current update, issue in writing and then follow up with a face to face catch up if necessary
When have you treated others with respect?
Completing the tender negotiations on the BM project
* Took an objective approach
* Ensured no personal feelings and opinions got in the way
* Sought to create a non-adversarial atmosphere
What is the RICS members support service?
Set up after the Merrit v Babb case
* There to assist surveyors with legal advice if they find themselves being sued personally and not protected by PI
* For part time, retired, student and trainee members
What are your Employer’s guidelines on gift giving? What is the reporting protocol?
Declare all gifts and hospitality
Maximum limits of £100 for yourself, or £250 in a corporate setting
What is the purpose of the RICS matrics?
To support new young members of the profession
Encourage networking
Sharing new ideas
Forward thinking source of vigour
What is the purpose of the Privy council?
Manage the royal charter and deal with grants and awards
