International Anti-Corruption Day 2023

8 December 2023

We’re supporting the public sector this International Anti-Corruption Day

The 9 December 2023 is International Anti-Corruption Day. The term corruption is used to describe a variety of illegal, dishonest, or fraudulent acts that can affect local authorities, including bribery, money laundering and more.

Organised by the United Nations, this year’s International Anti-Corruption Day campaign aims to emphasize the important link between anti-corruption and peace, security, and development.

As part of Veritau’s counter fraud work, we’re supporting our client councils to raise awareness of bribery and money laundering.

What is bribery?

Bribery is the act of offering, giving, receiving, or soliciting of any item of value, to influence the actions of an official (or other person in charge of a public or legal duty). This includes money and also gifts.

Bribes can be offered to gain a personal, commercial, regulatory, or contractual advantage – all of which are illegal, even if the bribe doesn’t actually go ahead.

It’s important to have a range of measures in place to detect and prevent bribery, such as a detailed policy and guidance for reporting.

What is money laundering?

Money laundering involves the movement of money or assets gained criminally in order to conceal, disguise, convert or transfer it. It’s important that public sector organisations are not used by criminals to launder illegally obtained money.

Failure to report money laundering (whether confirmed or just suspected) can also be a criminal offence.

Look out for:

  • Large transactions paid in cash
  • Reluctance to provide information relating to finances
  • Irregular money transfers and transactions
  • Transactions paid by third parties
  • Repeated transfers or transactions just under £10k

Organisations can face consequences if they don’t take adequate preventative steps, such as appointing a Money Laundering Reporting Officer (MLRO).

How to report suspected corruption

We all have a responsibility to help detect, prevent and report instances of bribery and money laundering.

To report suspected corruption at your organisation, contact your fraud team, whistleblowing contact, or the MLRO if you have one.

Veritau works on behalf of four member councils, plus other public sector organisations too. You can report fraud, corruption, or raise a whistleblowing concern on 0800 9179 247.

Support with fraud, corruption, whistleblowing and more

If you work for a public sector body that needs additional support with any of the areas raised in this article, our team of experts can help.

Get in touch at [email protected] or visit Veritau’s services pages to find out more about what we do.