Archives 2024

Theft

Dishonestly acquiring, using or disposing of physical or intellectual property belonging to or its beneficiaries. Facilitation of payments – Small bribes paid to speed up a service are sometimes called facilitation payments. Some organization’s work in areas where such payments are the norm in the local culture, often where charitable need is extreme. Notwithstanding the small amounts usually involved, they are still bribery payments. Therefore, an unacceptable use of funds. The one exception is when a local supplier does not have a bank account, and payment in cash is unavoidable. In this instance, Staff must follow the Cash Procedure before making payment.

Corruption

Corruption – Is an act of dishonesty or criminal offence committed by a person or organization entrusted with a position of authority, to acquire illicit benefit or abuse power for private gain. Corruption may include many activities including bribery and embezzlement, though it may also involve practices that are legal in many countries.

Types of Corruption

• Fraud – A deliberate intent to acquire money or goods dishonestly through the falsification of records or documents. supplier
• Bribery – Is the offering, promising, giving, accepting or soliciting an advantage as an inducement for action that is illegal or a breach of trust.
  
• Corruption – Is an act of dishonesty or criminal offence committed by a person or organisation entrusted with a position of authority, to acquire illicit benefit or abuse power for private gain.
  
• Theft – Dishonestly acquiring, using or disposing of physical or intellectual property belonging to or its beneficiaries.