
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…
Read MoreBid Rigging
What is Bid Rigging? Bid rigging is a form of collusion in which bidders on a contract decide who should…
Read MoreBusiness Ethics
Ethical guidelines within an organization can be influenced by law, public pressure, or a combination of both and are often…
Read MoreCode of Conduct
A code of conduct is the most common policy within an organization. This policy lays out the company’s principles, standards,…
Read MoreCode of Ethics
A code of ethics is similar to a code of conduct in that it establishes behavior expectations that an organization…
Read MoreCorporate Liability
Corporate liability is the legal responsibility a corporation assumes for acts committed by the organization’s employees or agents acting on…
Read MoreCulture of Compliance
What is a Culture of Compliance? A company has a compliance culture when compliance is a central and unalterable part…
Read MoreFacilitation Payments
Facilitation payments are typically demanded by low-level and low-income officials. In some countries, it is customary to provide small unofficial…
Read MoreFraud
Fraud involves the use of deception, trickery, and a breach of trust to gain an unfair or unlawful advantage. Occupational…
Read MoreGifts and Hospitality
Gifts and hospitality, including travel and entertainment, are legitimate expenses and common business practices to build relationships or express appreciation….
Read MoreInfluence Peddling
Influence peddling occurs when an individual who has real or apparent influence over someone else another person exchanges their influence…
Read MoreMoney Laundering
The intention of money laundering is to make illegally obtained money appear to come from a legitimate source. What is…
Read MoreNepotism
The most common form of nepotism is increasing employment opportunities for relatives. Although there are arguments for nepotism practices when…
Read MorePassive Bribery
Passive bribery describes the actions taken by the person receiving the bribe. The bribe is considered passive, whether the person…
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