The UK Bribery Act Guidance, 2010 has changed the UK law on battling bribery, superseding a number of historically broken and complex misdemeanors and making an integrated and extensive law that holds heavy penalties for offenders.
The new Act makes an important change in the UK’s approach to pursuing corruption and the authorities have already made substantial investment in enforcement capacities. This change set about is emphasized by an increasing number of high-profile actions taken against corporate firms recently.
The UK Bribery Act 2011 importantly goes further than the provisions of the US Foreign Corrupt Practices Act (FCPA), particularly addressing all bribery, whether or not it implies a public official. With the Bribery Act in practice now it requires the urgent need for business organisations to review its approach in managing bribery risk and to question whether its current processes are adequate.
The new Act makes an important change in the UK’s approach to pursuing corruption and the authorities have already made substantial investment in enforcement capacities. This change set about is emphasized by an increasing number of high-profile actions taken against corporate firms recently.
The UK Bribery Act 2011 importantly goes further than the provisions of the US Foreign Corrupt Practices Act (FCPA), particularly addressing all bribery, whether or not it implies a public official. With the Bribery Act in practice now it requires the urgent need for business organisations to review its approach in managing bribery risk and to question whether its current processes are adequate.
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