U.K.: A Law with Teeth, An Enforcer Without Them
After years of discussion and debate, the U.K. Bribery Act 2010 is finally in force. Bribery has been a criminal offense in the U.K. for a long time, but this act consolidates, extends and replaces existing anti-bribery and corruption legislation.
The U.K. Bribery Act at least on paper is broader and more stringent that the FCPA. While both criminalize offering and/or giving or requesting bribes to foreign officials[1], the U.K. Bribery Act goes farther and prohibits bribes in the private sector as well–meaning that a company could be convicted if one of its employees pays a bribe to the employee of another company (i.e., to secure a contract or acceptance of a bid).
See full Article.
Posts
