Unified Metrics Library - Convictions and fines for violation of anti-corruption and anti-bribery laws

Bribery is the act of giving or receiving something of value in exchange for influence or action, usually for personal gain. Corruption, on the other hand, is a broader term that refers to the abuse of power or position for personal gain, whether through bribery or other means.

Regulatory Definition

Numbers of convictions and amount of fines for violations of anti-corruption and anti-bribery laws. by investee companies

• Commission Delegated Regulation (EU) 2022/1288 of 6 April 2022 supplementing Regulation (EU) 2019/2088 of the European Parliament and of the Council with regard to regulatory technical standards specifying the details of the content and presentation of the information in relation to the principle of do no significant harm . ANNEX I (Table 3, Additional indicators for social and employee, respect for human rights, anti-corruption and anti-bribery matters, Anti-corruption and anti-bribery, Indicator 17)
• Directive of the European Parliament and of the Council on combating corruption, replacing Council Framework Decision 2003/568/JHA and the Convention on the fight against corruption involving officials of the European Communities or officials of the Member States of the European Union and amending Directive (EU) 2017/1371 of the European Parliament and of the Council

An example of such cases would be bribing a public official to win a contract or trading internal information from a company. The European Anti-Fraud Office (OLAF) investigates the company’s misconduct and finds evidence of corruption. The company is now persecuted and has to pay a large fine as a penalty.