Bribery Act Compliance
Protect your staff and business from bribery and corruption
From July 1st 2011 the UK Bribery Act 2010 has brought about significant changes to UK law within business and commerce. Bribery and corruption can irrevocably damage the integrity, operations and culture of your business, so it is vital that all possible measures are employed to prevent such occurrences taking place.
The Bribery Act seeks to enhance the UK’s anti-bribery legislation by introducing new offences and doctrinal reform:
- Agreeing to receive, requesting or accepting a bribe or bribes in the UK or abroad
- Greater transparency and tighter regulation of facilitation and corporate hospitality payments
- Bribery of a foreign public official in order to retain or obtain business
- Corporate liability, including directors and officers, for failure to prevent a bribe being paid by those who operate services; for or on behalf of the organisation
Whistleblowing hotlines and the UK Bribery Act
The Ministry of Justice recommends whistleblowing hotlines as part of an effective anti-bribery strategy. The possibility of prosecution is greatly diminished if an organisation can prove adequate procedures are in place to counteract bribery and corruption.