The Bribery Act represents the biggest change in UK laws in this area of business for many years. There are a new set of risks to with the introduction of the legislation.
Under UK law (UK Bribery Act 2010), bribery and corruption is punishable for individuals by up to ten years imprisonment. The Act also introduces a new crime of “failure to prevent” bribery, which means that companies unable to demonstrate that they have implemented “adequate procedures” to prevent corruption within their business , or by third parties on their behalf, could be exposed to unlimited fines as well as being excluded from government contracts and funding.
Free Anti Bribery Policy Template
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