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Questions and Answers
What is the term for making consideration to another person in return for the referral of professional instructions?
What is the term for making consideration to another person in return for the referral of professional instructions?
- Referral fee (correct)
- Professional commission
- Client gratuity
- Consultation payment
Why is there an absolute prohibition on the payment or receipt of referral fees?
Why is there an absolute prohibition on the payment or receipt of referral fees?
- To facilitate ethical business practices
- To ensure independence and avoid compromise (correct)
- To boost financial incentives for referrals
- To encourage transparency and accountability
What criminal offense might a referral fee constitute under the Bribery Act 2010?
What criminal offense might a referral fee constitute under the Bribery Act 2010?
- Bribery (correct)
- Money laundering
- Fraud
- Embezzlement
