Tuesday, July 12, 2016

What does gratuity mean, and in what context is it used?

 What does gratuity mean in fraud cases?

What does gratuity mean
Illegal gratuities definition are items of value given to reward a decision, often after the recipient has made the decision. To define what does gratuity mean, Illegal gratuities are similar to bribery schemes except that, unlike bribery schemes, illegal gratuity schemes do not necessarily involve an intent to influence a particular decision before the fact. That is, we understand what does gratuity mean when an item of value is given for, or because of, some act. Often, an illegal gratuity law is merely something that a party who has benefited from a decision offers as a “thank you” to the person who made the beneficial decision. And in general, the elements of what does gratuity mean are:
  • A thing of value;
  • Given, offered, or promised to;
  • A (present, former, or future) public official;
  • For or because of an official act performed or to be performed by such public official.
The major difference between an official bribe and what does gratuity mean is that an illegal gratuities definition does not require proof that the gratuity law was given for the purpose of influencing an official act. That is, an illegal gratuity charge only requires that the gratuities definition be given for, or because of, an official act.
In the typical of what does gratuity mean, a decision is made that happens to benefit a certain person or company. The party who benefited from the decision then gives a gift to the person who made the decision. The gifts are merely offered as a “thank you” for something that has been done.
At first glance, it might seem that illegal gratuities definition are harmless as long as the business decisions in question are not influenced by the promise of payment. But most organisation ethics policies forbid employees from accepting unreported gifts from vendors.
One reason for such blanket prohibitions is that illegal gratuities definition can evolve into bribery schemes. Once an employee has been rewarded for an act such as directing business to a particular supplier, he might reach an understanding with the gift giver that future decisions will also be made to benefit the gift giver. Additionally, even though no outright promise of payment has been made in what does gratuity mean, employees might direct business to certain companies in the hope that they will be rewarded with money or gifts.

Abdo Mounir

About Abdo Mounir -

Senior Manager and fraud examiner in mining industry. Head the investigations related to fraud. My role includes driving the culture of integrity And ethics within the Company by conducting regular fraud investigations.

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