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Corruption

Corruption is dishonesty or deliberate dereliction of duty typically for personal gain by a government official or a private entity official. Corruption broadly includes fraud, bribery, or deliberate misreporting. In a corrupt act, a binding duty is violated by someone who receives an unwarranted personal benefit directly or indirectly. An individual may act on a motive of helping the organization. To define corruption concretely involves specifying the duty and the personal benefit, and why and how the personal benefit is a violation of the duty. The acts involved are typically illegal. While legal under the U.S. Foreign Corrupt Practices Act (FCPA) of 1977 (amended), facilitation—minor payments to low-level government officials to expedite legally required action—is illegal in virtually all countries in which it is ...

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