As per LAwkidunya, Anti Bribery and Anti-corruption as Per Law in Pakistan. Anti-corruption laws/standards prohibit the payment of anything of value by persons or entities to foreign government officials or employees of state-owned enterprises to obtain a benefit.
Anti-corruption laws/standards prohibit the payment of anything of value by persons or entities to foreign government officials or employees of state-owned enterprises to obtain a benefit. In the United States, the seminal anti-bribery law is the Foreign Corrupt Practices Act (FCPA), enacted in 1977.
Corruption includes any illegitimate use of office, and may include a range of different types of crime. Bribery is limited to the giving or acceptance of payment of other illegitimate advantages.
What is Anti-bribery and Anti-corruption Policy Statement
The Company benefits from carrying out business in a transparent and ethical way. The Company does not tolerate any form of bribery, whether direct or indirect, by, or of, its employees, officers, agents or consultants or any person or companies acting for it or on its behalf.
What is an Example of Anti-bribery and Corruption as Per Law
For example, a person should not use a Third Party to do anything that is forbidden by this policy. Applicable anti-bribery laws include the Foreign Corrupt Practices Act (“FCPA”), which is a U.S. law that prohibits bribery of foreign officials.