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Glossary

Your guide to Compliance literacy

BRIBERY

Active bribery involves giving, offering or promising something of value to secure an advantage through an official action. 

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Whereas, soliciting, demanding or accepting a gratification is known as passive bribery.

 

Both active & passive bribery are just as illegal.   

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CODE OF ETHICS/
CODE OF CONDUCT/

The organisation's set of values, principles and rules are codified. It is an expectation of its employees to uphold to the highest standards when making business decisions.

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ETHICS

The moral compass of making decisions based on what is right or wrong. A company's values will show through its business ethics, thereby earning its reputation. 

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KICKBACKS

The usual hallmark of one party getting the other party to cooperate and willfully do something illegal is an agreed compensation to be made upon that illicit service being served. 

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POLITICALLY EXPOSED PERSON (PEP)

Someone who is powerful & influential by virtue of holding a prominent position in a public office, can present a higher risk of potential involvement in corruption. 

 

The definition of PEP also includes close connections to the PEP such as their family members, relatives, associates or aides from the same office as the PEP, other business or close associates & close friends. 

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COMPLIANCE PROGRAM

The culture of compliance to anti-bribery & anti-corruption (ABC) principles set out in an organisation's ethics & compliance program can be cultivated by mobilising a written code of ethics, training & communicating, according the responsibility to every employee on adhering to laws, policies, procedures & administering controls.

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CORRUPTION

A pervasion of morality when one who is in a position of power can & does the conduct of bribery, fraud, embezzlement, money laundering, nepotism, intervention of justice, extortion, negotiating kickbacks, etc.  

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GREASE PAYMENTS

A grease payment is made to expedite an official action that a front-line officer of any public body is bound to perform. When such a payment is being made routinely or in a bolder manner, eg. to a higher-ranking official, more frequently or of higher value, it develops into a pattern of bribery.

 

Facilitation payments should not be made an exception to the intent to bribe.

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OFFICERS OF PUBLIC BODIES/ GOVERNMENT OR PUBLIC OFFICIALS

An officer who is an employee of a  Government department or public body or a public administrative office, whose functions include performing civil services.   

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WHISTLEBLOWER

A whistleblower can be an insider of or an external party who may or may not be associated to an organisation, who comes forward to disclose any improper conduct that they reasonably believe is occurring in the organisation.

 

Organisations can classify what conducts are deemed improper to encourage a whistleblower to report an allegation in good faith.  Improper conducts are precisely that - illegal, unethical or violating the company's business code.

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