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Session 2: Legal Context - corruption & bribery Flashcards | StudBud

Explore/Session 2: Legal Context - corruption & bribery

Session 2: Legal Context - corruption & bribery

4 terms·StudBud Administration·123 plays

A quiz to determine the level of knowledge.

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Questions 4

Answers

1
Bribery is the act of giving/receiving something of value in exchange for influence/action
False
True
2
Why do PEPs present a higher risk for potential involvement in bribery and corruption?
They don't have to pay any taxes
By virtue of their position and the influence they may hold
Because they are inviolable
3
What is not a Red Flag for Corruption or Bribery?
Excessive commission, contingency or success fees
Large discounts to which they are not otherwise entitled
All of these could be red flags
Reimbursement of unusual, poorly-documented or last minute expenses
4
What is/are (an) indicator(s) to determine the corruption risk?
The sector in which the client has activities
The countries in which the client has activities
All of these
The client is dependent on licenses or permits from the government