Comment on the Bribery Bill
Commenting on the passing of the Bribery Bill, Nic Carrington, forensic partner at Deloitte, said: “The passing of the Bribery Bill marks a step change in the UK’s anti-bribery regime, bringing our legislation into line with, and in certain areas going further than, that of the US and other OECD countries.
“The new Act, with its strict liability offence for corporates which have failed to prevent bribery in their global operations, should act as a trigger for companies to think very seriously about the adequacy of their internal anti-bribery policies and procedures and to conduct appropriate business risk assessments.
“This will not be an inconsequential task, and yes, whilst a commitment has been given by Government to publish high level guidance in advance of the Act coming into force this Autumn, companies nonetheless should be moving ahead as of now with their own reviews to ensure that they are properly prepared in time.”
In this press release references to Deloitte are references to Deloitte LLP, which is among the country's leading professional services firms.
Deloitte LLP is the United Kingdom member firm of Deloitte Touche Tohmatsu (‘DTT’), a Swiss Verein, whose member firms are legally separate and independent entities. Please see www.deloitte.co.uk/about for a detailed description of the legal structure of DTT and its member firms.
The information contained in this press release is correct at the time of going to press.