Despite the introduction of the UK Bribery Act 2010, there is still an estimated $1 trillion being paid in bribes each year, according to the United Nations. And almost a quarter of businesses have experienced bribery and corruption in the last three years, according to PwC's Global Economic Crime Survey 2018.
1. Purchasing unnecessary or inappropriate items
If someone purchases unnecessary or inappropriate items, it could be an indication that there is a corrupt relationship in play. This could be between an employee and the supplier or contractor. It's important to be alert for items of large quantities, particularly if there is no visible need for such items.
2. Questionable invoices
Has an invoice been submitted without any supporting documentation? Does it appear unprofessional and/or unmarked? Always look for a pattern of questionable invoices as this can indicate that the invoices are being used to fund bribe payments.
3. Continued acceptance of poor quality goods
If an employee or customer is continually accepting poor quality goods, especially after complaints have been made, this could be a strong indicator for corruption.
4. Conflict of interest
Does an employee have a personal or economic interest in a particular transaction? Does their behaviour change when it comes up? Are they acting differently or suspicious? All this could indicate a conflict of interest.
5. Unqualified third party
Look out for signs of corruption if the third party your company is dealing with seems unqualified for the job he/she is contracted to perform.
6. Incomplete travel and expenses
Incomplete travel and expenses forms could indicate an employee is trying to hard something. It could be that they are being used to obtain money for improper payments.
By being aware of the potential signs of bribery and corruption, we can help stop it from taking place in the workplace. Not only will people know the signs to look out for but the raised awareness could help put people off and prevent corruption from happening in the first place.
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