Bribery Act debate: When is corporate hospitality not corporate hospitality and other grey areas?
Monday, February 07, 2011 | Posted by: Grant Thornton
Categories:
Corruption
| Tags: Bribery Act,
private banking,
FCPA,
sponsorship,
facilitation payments,
grease payments,
anti-corruption legislation,
Formula 1,
Transparency International,
financial services,
adequate procedures,
business gifts,
public officials,
anti-corruption programs,
corporate hospitality
Christophe Amez, Dow Jones Risk & Compliance, highlights some of the frustrations companies are facing - citing 65% of businesses questioned by Dow Jones, as delaying or abandoning all together new initiatives because of lack of clarity around anti corruption legislation.
Nicola Bonucci, OECD’s director for legal affairs and Sterl Greenhalgh, partner and head of Grant Thornton’s anti-corruption group, address the issues of what constitutes ‘lavish’ corporate hospitality and facilitation payments
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