Explain in brief: (v) The principle 'Avoid Illicit Activities' propounded by the Caux Round Table for responsible business.

The Caux Round Table (CRT) Principles for Responsible Business set forth ethical norms for acceptable businesses behaviour. The principles also have a risk management foundation - because good ethics is good risk management. And they balance the interests of business with the aspirations of society to ensure sustainable and mutual prosperity for all. 'Avoid illicit activities' is its 7th Principle which is as follows: Principle 7 - Avoid Illicit Activities A responsible business does not participate in, or condone, corrupt practices, bribery, money laundering, or other illicit activities. A responsible business does not participate in or facilitate transactions linked to or supporting terrorist activities, drug trafficking or any other illicit activity. A responsible business actively supports the reduction and prevention of all such illegal and illicit activities.