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The Ministry of Justice announces that the Bribery Act will come into force in April 2011

21 July 2010
By: Steven Mills | Discussion topic: Banking & Finance, Banking & Finance Litigation, Banking & Finance Litigation, Upload-Finance

The Bribery Act will:

  • Introduce a corporate offence of failure to prevent bribery by persons working on behalf of a business. A business can avoid conviction if it can show that it has adequate procedures in place to prevent bribery.
  • Make it a criminal offence to give, promise or offer a bribe and to request, agree to receive or accept a bribe either at home or abroad. The measures cover bribery of a foreign public official.
  • Increase the maximum penalty for bribery from seven to 10 years imprisonment, with an unlimited fine.

In September, the Government will launch a short consultation exercise on the guidance about procedures which commercial organisations can put in place to prevent bribery on their behalf.

This will be published early in the New Year to allow businesses an adequate familiarisation period before the Act commences in April.

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