Charitable & political donations

Charitable and political donations can give rise to higher risks of bribery and corruption. They can be (or be seen to be) bribes in disguise.

This subtopic sets out what charitable and political donations are, the risk they carry and how to mitigate that risk.

Charitable donations

A charitable donation is a gift made by an individual or company to a non-profit organisation or charity.

It can include giving or providing cash, venues, equipment, personnel time, or other benefit to a charity or to an individual or organisation nominated by or connected with a charity.

Charitable donations carry risk; they can be a conduit for corrupt payments, eg a government official in negotiations with a business may disclose that they are on the board of a charitable organisation and request a donation made to the charity or a charity could be connected to a political party or a person with a decision-making function. You need to have strong and clear control arrangements in place for charitable donations. See further Practice Note: Anti-bribery and corruption—charitable and political donations—What is the risk?

Political donations

The

To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.

TAKE A FREE TRIAL

Latest Risk & Compliance News

House of Lords conclude committee stage of Data (Use and Access) Bill

The House of Lords has completed the committee stage of the Data (Use and Access) Bill, the final day of scrutiny took place on 18 December 2024 and focused on amendments related to children and AI, national security and data privacy risks and AI compliance with UK copyright law. The bill, aimed at harnessing data for economic growth and improving digital governance, has undergone thorough examination over multiple sessions, addressing issues such as protection of children, misuse of AI rules, data mining and processing of personal data. The next stage, report stage, is scheduled for 21 January 2025.

Businesses should expect a role in tackling fraud next year

Law360, London: If one word sums up a key trend in financial crime enforcement in 2024, it would be fraud, specifically consumer fraud.

FCDO imposes sanctions on Georgian officials for human rights violations

The Foreign, Commonwealth and Development Office (FCDO) has announced sanctions against five senior Georgian officials in response to violent attacks on journalists and peaceful protestors. This action, coordinated with the United States, imposes UK travel bans and asset freezes on the individuals responsible for the crackdown following public opposition to the Georgian Dream party's decision to pause the country's European integration. The sanctions follow the UK's recent suspension of programme support to the Georgian government and restriction of defence cooperation. The FCDO's decision aligns with condemnations from UN experts and the OSCE regarding the pattern of repression and human rights violations in Georgia, particularly in light of the use of force against protestors after the October parliamentary elections.

SARs in Action Issue 29 published

The UK Financial Intelligence Unit’s (UKFIU) magazine, SARs in Action, has published its 29th issue focusing on recent developments in economic crime prevention. The publication emphasises the financial sector's crucial role in detecting and disrupting human trafficking, which affects an estimated 49.6 million people globally. It introduces the Illicit Finance Public Private Threat Group (PPTG) Hydroponics Cell and its recent Amber Alert. The magazine also covers the 2024 Global Financial Institutions Partnership Summit in Ottawa and announces the winners of the 2024 Tackling Economic Crime Awards. Additionally, it highlights Companies House's analysis of company formations used for money laundering and introduces a new Trafficking in Human Beings Handbook, underscoring the importance of the regulated financial industry in combating this pervasive criminal enterprise.

View Risk & Compliance by content type :

News