A code of best practice, established by Thomas Dunfee and David Hess of the University of Pennsylvania, describing how a company and its employees should deal with any attempt to make or solicit improper payments.
Facilitation payments are small, unofficial payments made to expedite routine governmental actions. This entry explores the definition, implications, historical context, and legal considerations surrounding these payments.
Comprehensive coverage of the Foreign Corrupt Practices Act (FCPA), a U.S. law that prohibits American companies and individuals from bribing foreign officials. Includes historical context, key events, explanations, and examples.
An in-depth exploration of kickbacks, a form of bribery where return payments are made for preferential treatment, encompassing definitions, examples, historical context, implications, and related terms.
A comprehensive international treaty designed to combat bribery of foreign public officials in international business transactions, established by the Organisation for Economic Co-operation and Development (OECD).
Hush money refers to cash or other forms of payment given to ensure the silence of the receiver, often used in unethical or illegal contexts to cover up misconduct.
Illegal payments made for scarce merchandise or services, usually in excess of the stated price. Under-the-counter payments are a form of bribery and extortion.
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