Applying Anti-Bribery Knowledge on the Job
In this lesson, learn to apply anti-bribery knowledge on the job, avoid potential bribery situations in finance, and report incidents to the right authorities. Avoid gifts, understand risks, follow company policies, and report to the right person to ensure a clean finance industry.
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Video script
In this video, we'll discuss how to apply your knowledge of anti-bribery on the job and recognize and avoid potential bribery situations.
On the job, it's important to be aware of the potential risks and avoid situations that could potentially involve bribery. This means avoiding accepting gifts or benefits from individuals or companies that you do business with, and not offering gifts or benefits to others in order to gain an advantage. It's also important to be familiar with your company's policies and procedures and to consult with your compliance officer or other appropriate authorities if you're unsure whether a situation involves bribery.
Some specific situations that could potentially involve bribery in the financial industry include:
- Accepting gifts or benefits from vendors or clients, such as tickets to a sports event or a free trip
- Offering gifts or benefits to government officials or other decision-makers in order to secure a contract or other business advantage
- Sharing confidential information with third parties in exchange for money or other benefits
- Engaging in insider trading or other illegal activities in order to gain a financial benefit.
If you encounter a potential bribery situation on the job, it's important to report it to the appropriate authorities. In many cases, this means reporting the situation to your compliance officer or another designated individual within your company. You can also report potential bribery incidents to the appropriate law enforcement authorities, such as the Securities and Exchange Commission or the Department of Justice.
In the next and final video, we'll recap the key learnings from the course and discuss the benefits of understanding and avoiding bribery in the workplace.
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