Business Corruption in Czech Republic
The legal framework for fighting corruption in Czech Republic is developed. Corruption, extortion, active and passive bribery, bribery of foreign officials and money laundering are addressed in the Criminal Code. Criminal liability for legal entities (Act No. 418/2011 Coll.) covers domestic and foreign corporate entities registered in the Czech Republic. Although the majority of the citizens do not encounter petty corruption in their daily lives, they occasionally complain that bribes or gifts are needed to speed up public administration services.
Companies should be aware that corruption is often found in public procurements, in provisions of subsidies and in situations where direct interactions between the private and the public sector take place; these risks remain a hindrance for businesses. The Czech Republic has rejected an exception to facilitation payments in the OECD Anti-bribery Convention, meaning that facilitation payments are prohibited.
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Publication date: August 2014
Data verified by: GAN Integrity Solutions