ICA Certificate In Financial Crime Prevention Practice Questions - ICA Certificate In Financial Crime Prevention Exam

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How does the UK Bribery Act 2010 treat small payments made to foreign public officials to secure or expedite routine administrative actions (facilitation payments)?

They are legally permitted if they do not exceed £500 per transaction They are illegal and treated as bribes, with no general exemption provided They are permitted provided they are declared in the firm's annual financial statements They are legal if local custom and practice in the foreign country tolerates them

Correct Answer:

They are illegal and treated as bribes, with no general exemption provided

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