Glossary entry (derived from question below)
English term or phrase:
Payments to an intermediary may never be made in cash.
English answer:
payments can only be made by checks or bank transfers, but not in banknotes
Added to glossary by
Tomy Goh (X)
Sep 16, 2008 14:31
15 yrs ago
English term
Tomy Goh (X)
Payments to an intermediary may never be made in cash.
English
Law/Patents
Business/Commerce (general)
• Payments made to an intermediary can be considered bribes. If an intermediary promises to have special connections and requires a high fee for his services and he bribes an official in order to secure business for you, that bribe can be imputed to you. Molex's policy is to run a thorough background check on all intermediaries and have the Division Vice President of Finance sign off on any payments to the intermediary. Payments to an intermediary may never be made in cash.
Please can you advise if it means "Payments to an intermediary may not be made in cash but in gift...."
Please can you advise if it means "Payments to an intermediary may not be made in cash but in gift...."
Responses
+6
8 mins
orientalhorizon
Specializes in field
Banking,law,commerce,engineering
Native in: Chinese 
Works in: English to Chinese, Chinese to English, English, and 1 more.
Related KudoZ points
:
8
Selected
payments can only be made by checks or bank transfers, but not in banknotes
If the payments be made by checks or bank transfers, then payments can be easily tracked, it's transparent, thus not easy to give bribe; if in cash, may be treated as a bribe in many cases.
4 KudoZ points awarded for this answer.
Comment: "Thanks for All helps."
2 mins
Jack Doughty
United Kingdom
United Kingdom
Native in English
&
English
United Kingdom
Translator since 1953
Native in: English
Works in: Russian to English, German to English, English
Related KudoZ points
:
126
Yes. ("May" in the sense of "possible", not in the sense of granting or withholding permission)
It is possible that such payment may be in other forms: goods, services, political influence etc.
+2
5 mins
NO
This must only be related to the fact that cash payments are hard, often impossible, to control, and consitute a means of offering bribes.
5 mins
must not
Mandatory
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Note added at 8 mins (2008-09-16 14:39:09 GMT)
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The company is going to pay, but only after review at the highest level and never in cash.
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Note added at 8 mins (2008-09-16 14:39:09 GMT)
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The company is going to pay, but only after review at the highest level and never in cash.
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