Business Corruption in the Czech Republic
Corruption can be an obstacle for doing business in the Czech Republic; patronage and nepotism are considered especially problematic in the country (SEUB 2014). The Criminal Code criminalises attempted corruption, extortion, active and passive bribery, bribery of foreign officials and money laundering. Criminal liability for legal entities (Act No. 418/2011 Coll.) covers domestic and foreign corporate entities registered in the Czech Republic. The Czech Republic has rejected the exception in the OECD Convention for facilitation payments. Although the majority of Czech citizens do not encounter petty corruption in their daily lives, they complain that bribes or gifts are occasionally needed to speed up public administration processes.
GAN Integrity Solutions