ABSTRACT
The banking sector, as providing the access to capital, is very prone to corruptive pressures, both from the internal and the external environment. Moreover, globalization opened the cross-border gateway for corruption and cybercrime through the most convenient and intensely internationalized intermediary – the banking sector. This exposure makes the banking sector extremely vulnerable to corruptive practices and financial liability. Additionally, banks experience high sensitivity to corruption in the business environment as the effects are transferred into banks’ non-performing loans and bad investments.
