Basel Institute on Governance
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Bribery in the private sector

According to article 21 of UNCAC, 'bribery in the private sector' constitutes a criminal offence, when committed intentionally in the course of economic, financial or commercial activities, that prohibits:

  • the promise, offering or giving, directly or indirectly, of an undue advantage to any person who directs or works, in any capacity, for a private sector entity, for the person himself or herself or for another person, in order that he or she, in breach of his or her duties, act or refrain from acting.
  • the solicitation or acceptance, directly or indirectly, of an undue advantage by any person who directs or works, in any capacity, for a private sector entity, for the person himself or herself or for another person, in order that he or she, in breach of his or her duties, act or refrain from acting.

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