What is the primary purpose of anti-bribery and corruption regulations?

The correct answer is A. To prohibit the payment of anything of value by persons or entities to government officials or. A: The main objective of anti-bribery and corruption regulations is to prohibit bribes to government officials or employees of state-owned enterprises for the purpose of obtaining or retaining business or securing improper advantages. "Anti-bribery and corruption regulations…

Compliance Standards (International AML/CFT Standards and the role of FATF)

Question

Options

ATo prohibit the payment of anything of value by persons or entities to government officials or
BTo prohibit the conversion of illegally obtained money into legal money by senior government
CTo protect against election interference by corrupt foreign adversaries facilitated by illicit funds
DTo protect against the use of illegal means by senior political figures to avoid paying taxes

How the community answered

(41 responses)

A
85% (35)
B
7% (3)
C
5% (2)
D
2% (1)

Explanation

A: The main objective of anti-bribery and corruption regulations is to prohibit bribes to government officials or employees of state-owned enterprises for the purpose of obtaining or retaining business or securing improper advantages. "Anti-bribery and corruption regulations, such as the FCPA and UK Bribery Act, prohibit offering anything of value to public officials to gain a business advantage."(CAMS 6th Edition, Anti-Bribery

Topics

#anti-bribery#anti-corruption#government officials#FCPA

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