NEW APPROACHES ARISE TO TACKLE SMALL BRIBES

Companies are being offered an increasing amount of advice, guidance and tools to fight the demand for and payment of small bribes such as cash and vouchers, benefits in kind such as tickets to sporting events, pre-paid phone cards, alcohol, tobacco and perfume.The risks posed by such small bribes to a company’s reputation can actually be large, with governments increasingly cracking down on the practice. And said Peter van Veen, director of the business integrity programme at anti-corruption organisation Transparency International (TI), they can not only be ...


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