Bribery is the act of offering, giving, receiving or soliciting something of value, such as money, gifts, favors or advantages, with the intent to influence the actions, decisions or behavior of an individual in a position of power. It is considered a serious form of corruption and is illegal under the laws of most jurisdictions.

Bribery poses a significant financial crime risk because it often involves the movement and concealment of illicit funds through legitimate financial systems. Bribery can occur in both the public sector, such as influencing government officials, and the private sector, such as manipulating business contracts or corporate decisions.

Financial institutions and regulated entities are required to identify and mitigate the risks associated with bribery, particularly when dealing with high-risk customers like politically exposed persons (PEPs) or businesses operating in sectors or regions known for weak anti-corruption enforcement - as part of their Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance. This includes conducting Enhanced Due Diligence (EDD), Ongoing Due Diligence (ODD), ongoing monitoring and adverse media screening to detect any links to bribery-related activities.