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Glossary of corruption-related terms

By Corruption Watch 19 Aug 2022, 14:33

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Glossary of corruption-related terms

Do you know your baksheesh from your bribery? Your cronyism from your collusion? Read our evolving glossary of terms relating to corruption to find out what they all mean.

Sources:
U4 Anti-Corruption Resource Centre
Transparency International

D

DEMOCRATIC ACCOUNTABILITY

E

ENHANCED DUE DILIGENCE

F

FACILITATION PAYMENTS

FINANCIAL ACTION TASK FORCE (FATF)

FINANCIAL INTELLIGENCE UNIT (FIU)

G

GRAND CORRUPTION (see CORRUPTION, PETTY CORRUPTION and POLITICAL CORRUPTION)

H

HOLISTIC APPROACH

I

ILLICIT FINANCIAL FLOWS (see CAPITAL FLIGHT)

INTEREST PEDDLING

K

KNOW YOUR CUSTOMER (KYC)

M

MONEY LAUNDERING

MUTUAL LEGAL ASSISTANCE

N

NARCOKLEPTOCRACY (see KLEPTOCRACY)

NEPOTISM (see CLIENTELISM, FAVOURITISM)

NOMINEE (DIRECTOR / OWNER / SHAREHOLDER, ETC)

O

OFFSHORE FINANCIAL CENTRE

P

PATRONAGE (see CLIENTELISM)

PETTY CORRUPTION (see BUREAUCRATIC CORRUPTION)

POLITICAL CORRUPTION (see CORRUPTION, GRAND CORRUPTION, and PETTY CORRUPTION).

POLITICALLY EXPOSED PERSONS

PROTECTED DISCLOSURE (see WHISTLE-BLOWING)

R

S

SECRECY JURISDICTIONS

SPORADIC CORRUPTION – the opposite of SYSTEMIC CORRUPTION.

SYSTEMIC CORRUPTION

T

TAX EVASION / AVOIDANCE

TAX HAVENS (see SECRECY JURISDICTIONS)

TRADING OF INFLUENCE

W

WHISTLE-BLOWING (see PROTECTED DISCLOSURE)