Bribery is a type of corruption and occurs when someone offers or accepts assets with the purpose of influencing behaviour and thereby gaining power or another advantage. Bribing is an escalating issue in the financial market. According to the World Bank approximately $1 trillion is paid annually in bribes.
Bribes can be disguised as gifts, favours or donations given to gain favourable treatment, convincing the receiver of the bribe to act in a way which complies with what the briber wants.
This unlawful behaviour is found among individuals and firms alike and can range from minor transactions to major deals. The laws surrounding bribery are hard to navigate and vary depending on country and jurisdiction. In some countries certain transactions, which are illegal elsewhere, are legal and so common it is almost an expected behaviour. Nevertheless, bribery is considered a growing problem globally requiring more attention and regulation.