A small bribe, also called a ‘facilitating’, ‘speed’ or ‘grease’ payment; made to secure or expedite the performance of a routine or necessary action to which the payer has legal or other entitlement.
Why it matters
All companies must cease making facilitation payments immediately. Companies must recognise these as bribes and prohibit them. All companies must report on their policy on facilitation payments as part of their transparent reporting on their anti-corruption programmes.
Additional Information: Facilitation payments
- Transparency International, Business Principles for Countering Bribery
- Transparency International, Submission to Financial Stability Board Enhanced Disclosure Task Force