On 8 April 2010, the UK Bribery Act was passed into law in the UK with the new legislation coming into force on 1 July 2011.
The Act introduces a new corporate offence of failure to prevent a bribe being paid on its behalf. However, it also provides a statutory defence if a commercial organisation can demonstrate that it has in place "adequate procedures" designed to prevent persons associated with it from committing bribery. The Ministry of Justice published final guidance on adequate procedures in March this year.
In our video, Deloitte anti-corruption specialists:
Business Intelligence Services
Nic Carrington
Partner, Forensic and Dispute
Services, Tel: 020 7936 3000
Peter Maher
Partner, Forensic and Dispute
Services Tel: 020 7936 3000
Kirsty Searles
Partner, Anti Bribery and Corruption Controls
Tel: 020 7936 3000