anti-corruption laws
Graft-fighting statutes
Anti-corruption laws are statutes designed to prevent and punish the abuse of public or corporate power for private gain.
They typically target bribery, embezzlement, fraud, and conflicts of interest: The company violated anti-corruption laws by paying off foreign officials.
Major examples include the U.S.
Foreign Corrupt Practices Act and the UK Bribery Act, which hold businesses accountable for corrupt dealings abroad.
- briberyCorrupt payment for influence
- kickbacksIllegal return payments
- slush fundHidden discretionary money pool
- dirty moneyIllegally obtained wealth
- embezzlementFraudulent taking of entrusted assets
nepotism · revolving door · fraud · public officials · transparency · whistleblower protection · code of conduct · collusion · accountability · conflict of interest · integrity · extortion · graft · whistleblowing · loopholes · paper trail · sunshine · fairness
anti-corruption lawskleptocracy
State-sponsored looting system
state capture · mafia state · cronyism · plutocracy · authoritarianism