Under the Bribery Act 2010, bribery refers to the offering, giving, receiving, or soliciting of any 'financial or other advantage' to induce or reward the improper performance of a public function or business activity.
A code of best practice, established by Thomas Dunfee and David Hess of the University of Pennsylvania, that outlines how a company and its employees should deal with any attempt to make or solicit improper payments. This code emphasizes ethical behavior in business practices to prevent bribery and corruption.
Graft involves the fraudulent obtaining of public money through the corruption of public officials, often entailing the use of money as a payoff or the dishonest advantage one person gains over another due to their position, influence, or trust.
Hush money refers to cash given to assure the silence of the receiver, often in a manner akin to a bribe. It is typically used to keep certain information confidential, preventing it from becoming public knowledge.
A colloquial term for an illegal payment made to secure favorable treatment in the award of a contract.
A slush fund is a financial stash reserved for illicit purposes, such as bribery or unethical activities, often without an accurate accounting record.
Under-the-counter refers to illegal payments made for scarce merchandise or services, usually in excess of the stated price. These payments are a form of bribery and extortion.
White-collar crime encompasses a variety of non-violent offenses committed by businesspersons, confidence men, and public officials, characterized by deceit and misrepresentation. Examples include consumer fraud, bribery, and stock manipulation.
