The UK Bribery Act Management 2010 will have the companies in the UK to have a strict control on areas they feel where corruption or bribery can take place. The act is said to replace the old law that was in practice since World War I. After the Royal assent the law was suppose to be in practice by April, 2011 but was postponed to July 2011 and now it stands effective.
The UK Bribery Act 2010 under section 7 underlines 6 fundamental policies that will attract this act for companies that fail to comply. The new law is out to deal with organization they or their representatives are found to be associated with any act of bribery.
Companies can defend itself if they are able to show if they have implemented adequate procedures in place to curb bribery to the offense under section 7. The section 9, the UK Bribery Act 2010 was a necessity the government has come out with this guidance so companies know where to and how to implement this law. Companies not only in the UK, but those in US are said to be affected if they have a office here in the UK.
The UK Bribery Act 2010 under section 7 underlines 6 fundamental policies that will attract this act for companies that fail to comply. The new law is out to deal with organization they or their representatives are found to be associated with any act of bribery.
Companies can defend itself if they are able to show if they have implemented adequate procedures in place to curb bribery to the offense under section 7. The section 9, the UK Bribery Act 2010 was a necessity the government has come out with this guidance so companies know where to and how to implement this law. Companies not only in the UK, but those in US are said to be affected if they have a office here in the UK.
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