3. Corruption pitfalls
Video 2 – Secret lover
Case analysis
Jenny and her boyfriend
- ● Jenny submits documents falsely claiming that the mortgage applications were referred by her boyfriend. She is therefore in breach of section 9(3) of the Prevention of Bribery Ordinance and section 123 of the Banking Ordinance.
- ● Jenny and her boyfriend, who deceive the bank of commission, commit an offence of conspiracy to defraud.
Former branch manager
- ● Apart from leading the team to provide high-quality services, bank managers should keep a close eye on the integrity of his subordinates to prevent corruption and malpractice.
- ● The former bank manager cannot evade his responsibility for failing to detect signs of illegal conduct which causes loss to the bank.
Bank
- ● Such illegal conduct could have been prevented if the bank had in place a more comprehensive control system.