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Understanding Bribery and Influence Peddling in Singapore
Singapore has a comprehensive framework of laws and regulations aimed at preventing corruption and promoting corporate governance. This guide provides an overview of key aspects related to bribery and influence peddling in Singapore.
Understanding the Laws
The following laws are relevant to understanding corruption offenses and corporate governance:
- Prevention of Corruption Act (PCA): Deals with corruption offenses, including bribery and influence peddling.
- Companies Act (CA): Provides guidelines for corporate governance and addresses issues such as issuing false statements, declaring dividends out of profits, and frauds by officers.
Key Offenses
Some specific offenses under these acts include:
- Issuing false statements
- Declaring dividends out of profits
- Frauds by officers
Bribery and Influence Peddling
The guide explains the definition of bribery and influence peddling, including the elements required to prove corruption offenses. It also outlines the penalties for such offenses.
Extraterritoriality
Singapore’s anti-corruption laws apply to foreign public officials and transactions. This means that individuals or companies involved in corrupt activities with foreign officials may still be held accountable under Singaporean law.
If you have specific questions about these topics or need further clarification on any of the points mentioned, please feel free to ask.