Shades of grey - unpacking bribery and corruption in financial services

Corruption is an umbrella term used for a number of unethical and often illegal practices, such as bribery, nepotism, insider dealing and market manipulation. Reflecting on the UK National Crime Agency's charges brought against a former Director of Corporate Banking at First Bank of Nigeria (UK) in December 2023, Mario Menz asks: Do we really know what corruption is?

Mario Menz (mario.menz@hotmail.co.uk) is Global Head of Risk & Compliance at BVNK, and an advisory board member at the Institute of Money Laundering Prevention Officers (www.implo.com).

Corruption is an umbrella term used for a number of unethical and often illegal practices, such as bribery, nepotism, insider dealing and market manipulation. Reflecting on the UK National Crime Agency's charges brought against a former Director of Corporate Banking at First Bank of Nigeria (UK) in December 2023, Mario Menz asks: Do we really know what corruption is?