Compliance Glossary

Anti-Corruption Training

Training employees on anti-corruption is necessary for protecting organizations from risk and ensuring that employees are acting in a way…

Bid Rigging

What is Bid Rigging? Bid rigging is a form of collusion in which bidders on a contract decide who should…

Business Ethics

Ethical guidelines within an organization can be influenced by law, public pressure, or a combination of both and are often…

Code of Conduct

A code of conduct is the most common policy within an organization. This policy lays out the company’s principles, standards,…

Code of Ethics

A code of ethics is similar to a code of conduct in that it establishes behavior expectations that an organization…

Culture of Compliance

What is a Culture of Compliance? A company has a compliance culture when compliance is a central and unalterable part…

Facilitation Payments

Facilitation payments are typically demanded by low-level and low-income officials. In some countries, it is customary to provide small unofficial…

Fraud

Fraud involves the use of deception, trickery, and a breach of trust to gain an unfair or unlawful advantage. Occupational…

Gifts and Hospitality

Gifts and hospitality, including travel and entertainment, are legitimate expenses and common business practices to build relationships or express appreciation….

Influence Peddling

Influence peddling occurs when an individual who has real or apparent influence over someone else another person exchanges their influence…

Money Laundering

The intention of money laundering is to make illegally obtained money appear to come from a legitimate source. What is…

Nepotism

The most common form of nepotism is increasing employment opportunities for relatives. Although there are arguments for nepotism practices when…

Passive Bribery

Passive bribery describes the actions taken by the person receiving the bribe. The bribe is considered passive, whether the person…