Business Corruption in Finland
Corruption does not impact business dealings in Finland. The Finnish regulatory system is highly competitive and transparent, and administrative corruption is almost non-existent. The Criminal Code contains provisions against active and passive bribery, embezzlement, fraud and abuse of office, and persons and companies can be held liable for offences. Facilitation payments are prohibited, while the propriety of gifts and hospitality depends on their value, the intent and the potential benefit obtained. Corruption in Finland is limited because of an administrative culture of transparency and openness, a strong system of internal and external controls, and the involvement of civil society in the management of public affairs. However, isolated incidents of corruption and favouritism do occur, primarily at the local level, where the interests of businesses and local politicians are sometimes improperly linked in so-called ‘old-boys networks’.
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