|
|
| 
 |
|
The Act came into force 1st July 2011.
Key elements are:-
- Offence of bribing another person
- Offence of requesting or receiving a bribe
- Directly or through a third party such as a family member/intermediary
- Including private bribery e.g company to company
- Offence of bribery of a foreign public official including officials of international organisations and state owned companies/entities
- Offence of the failure of commercial organisations to prevent bribery. (Note: It is a defence if the company can prove it had in place "adequate procedures" to prevent persons associated with the company from bribing)
- On conviction up to 10 years imprisonment and/or fines and potential for unlimited fines for corporate offence.
- Extra territorial reach
Read more on the Bribery Act 2010.
 Bribery Act 2010 Guidance
Bribery Act 2010 Joint Prosecution Guidance
Bribery Act in the News
US authorities looking into Murdoch foreign payments - Reuters, 07 February 2012
S&N pays $22m to settle Greek bribery case - The Independent, 07 February 2012
Kazakh Ex-Minister On Graft Charges - RadioFreeEurope/RadioLiberty, 07 February 2012
UBS's silly menu leaves a bad taste in the mouth - Financial Times, 05 February 2012
UK looks to bridge regulatory divide with US - Financial Times, 05 February 2012
Patel denies bribery allegations in letter to Prime Minister - Livemint, 02 February 2012
Qualcomm Discloses Foreign Bribery Investigation by US - BusinessWeek, 01 February 2012
Gupta, BP, JPMorgan, Cameron, Commerzbank, Morgan Stanley in Court News - Bloomberg, 01 February 2012
Russia joins anti-corruption convention - RT, 01 February 2012
Deutsche Boerse-NYSE, Gupta, JC Flowers, Full Tilt Poker: Compliance - Bloomberg, 01 February 2012
Prison terms for corruption in oil and gas contracts - Serious Fraud Office, 31 January 2012
Middle East scores highly in corruption - Financial Times, 31 January 2012
Avon Fires Vice Chairman - Wall Street Journal, 31 January 2012
UK Arrest 5 In News Corp. Probe As It Expands To Sun - Wall Street Journal (blog), 30 January 2012
Avon Vice Chairman Leaves Company Amid Bribery Probe - Wall Street Journal (blog), 30 January 2012
UK Bribery Act 'does apply' to practitioners in Jersey - 26 January 2012
Four guilty in £70 million contracts corruption case - Serious Fraud Office, 25 January 2012
Exclusive: Senate investigating HSBC for money laundering - Reuters, 25 January 2012
Nigeria finds $4 billion in fuel corruption - GlobalPost, 20 January 2012
Marubeni pays US $54.6 million to settle Nigeria LNG bribery case - Platts, 18 January 2012
FIFA Inspires Swiss Corruption Law Changes After Bribery Scandal - BusinessWeek, 18 January 2012
Mercedes-Benz competition exposes finalists' bribery - AM Online, 18 January 2012
UK Bribery Act poses challenges for business in Russia - BSR Russia, , 18 January 2012
Innospec Ltd: Former director pleads guilty to corruption - Serious Fraud Office, 17 January 2012
Fraud losses rise from £1.4bn to £2bn in 2011 - Financial Times, 08 January 2012
CBI arrests EPFO official in bribery case - Financial Express, 06 January 2012
Unfolding bribery scandal feared to dampen ruling party's reform drive - Korea Times, 06 Jan 2012
Israel ex-PM indicted for corruption - AFP, 04 Jan 2012
Ex-Chief Of Queens Hospital Pleads Guilty In Bribery Case - Wall Street Journal, 03 January 2012
6 officials, businessmen face Jeddah flood bribery charges - Saudi Gazette, 02 Jan 2012
Companies count cost of FSA crackdown - Financial Times, 02 Jan 2012
Read More News...
 |
|
