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Legal Analysis: UK Bribery Act
04 August 2010
The new UK Bribery Act (the Act), which will come into force in April next year, is designed to provide a more effective framework for the relevant authorities to bring the force of the law to bear on bribery.
UK Bribery Act
The new UK Bribery Act (the Act), which will come into force
in April next year, is designed to provide a more effective
framework for the relevant authorities to bring the force of
the law to bear on bribery.
There are four offences. The two general offences of paying
and receiving bribes; the offence of bribery of foreign public
officials; and the offence committed by the failure of
commercial organisations to prevent bribery.
The latter "corporate offence" represents the most
significant departure from the old law on bribery and will
place the onus on corporates to ensure that their
anti-corruption procedures are robust and up to date.
A corporate will be guilty of an offence if an 'associated
person’ (including an employee, agent or
subsidiary providing services for the organisation) commits
bribery to obtain or retain business or an advantage in the
conduct of business for the organisation. Previously, it...
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