While corruption is one type of fraud, there is a big difference between more traditional fraud and corruption in that corruption involves the payment of monies stolen from a company, through a variety of mechanisms, to a customer or other person to induce that person to purchase goods or services. The customer or other person is the recipient of the stolen monies, as opposed to traditional fraud, where the perpetrator steals something of value from a company and keeps it. 

Thomas Fox has practiced law for over 40 years. Tom writes the daily award-winning blog, the FCPA Compliance and Ethics blog and founded the Compliance Podcast Network. Tom leads the discussion on AI in...