Multiple choice questions related to business ethics and compliance within a banking context.
Understand the Problem
The image contains multiple choice questions related to business ethics and compliance within a banking context. These questions cover topics such as facilitation payments, reporting bribery, definitions of fraudulent conduct, and appropriate responses to potential bribery situations. It appears to be a homework or test from a business or ethics course.
Answer
* Facilitation Payments * All of the Above * Corruption * Report it to the appropriate team (Ethics & Conduct- GCC & Conduct Group or Human Resource), and ask for advice
Here are the answers to the multiple-choice questions:
- Facilitation Payments means small unofficial payments made to secure or expedite the performance of a routine or necessary action to which the payer or the recipient of the facilitation payment has legal or other entitlement.
- The avenues available to report and blow the whistle on bribery and corrupt practices occurring within the bank are: All of the Above (Number, Fax, email, Send post to Chief Compliance & Conduct Officer)
- Corruption is defined as "dishonest or fraudulent conduct by those in power, typically involving bribery".
- If you are negotiating with a potential customer and he offers an expensive leather desk item, and you think that he is trying to bribe you to get a better deal, you should: Report it to the appropriate team (Ethics & Conduct- GCC & Conduct Group or Human Resource), and ask for advice.
Answer for screen readers
Here are the answers to the multiple-choice questions:
- Facilitation Payments means small unofficial payments made to secure or expedite the performance of a routine or necessary action to which the payer or the recipient of the facilitation payment has legal or other entitlement.
- The avenues available to report and blow the whistle on bribery and corrupt practices occurring within the bank are: All of the Above (Number, Fax, email, Send post to Chief Compliance & Conduct Officer)
- Corruption is defined as "dishonest or fraudulent conduct by those in power, typically involving bribery".
- If you are negotiating with a potential customer and he offers an expensive leather desk item, and you think that he is trying to bribe you to get a better deal, you should: Report it to the appropriate team (Ethics & Conduct- GCC & Conduct Group or Human Resource), and ask for advice.
More Information
Understanding these concepts is important for maintaining ethical practices and compliance within a banking environment.
Tips
When dealing with ethical dilemmas, always prioritize reporting to the appropriate channels within your organization and seeking advice from relevant teams or departments.
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