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Bus/Financial - Finance (general) | | English term or phrase: Facilitating payment | Hi, I need halp with the above term. My context is: We do not make, and will not accept, facilitation payments or "kickbacks" of any kind. Facilitation payments are typically small, unofficial payments made to secure or expedite a routine government action by a government official. They are commonly paid in some jurisdictions in which we operate.
This is the explanation on Wikipedia: A facilitating payment is a certain type of payment to foreign officials which is not considered to be bribery according to legislations of some states as well as in the international anti-bribery conventions, e.g., coming from the OECD. For legal purposes, it is distinguished from bribery, however the distinction is often blurred.[1] Determining whether a payment is a facilitating one may be difficult and depend on the circumstances. The value of the payment is not immediately relevant, however the greater the value, the higher are chances that it will be a red flag for law enforcement. Small unofficial payments are customary and even legal in some countries, nevertheless they may present a risk of liability according to the laws of the host country. There also exists a slippery slope danger of evolving into dubious payments.
Many thanks in advance |
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