The corruption and bribery landscape has changed dramatically in recent years and will continue to do so.
The Bribery Act 2010
In 2008 Jack Straw became the country’s first Anti Corruption Champion, a role taken on by subsequent Justice Secretaries. The Serious Fraud Office has a new policy on self reporting and corporate leniency and has committed significant resources to fighting bribery and corruption. Under the Bribery Act 2010, a company can be prosecuted for an act of bribery on part of an employee unless it had in place adequate measures to prevent such behaviour.
The Act came into force on July 1st 2011. From that date companies need to ensure that they have adequate anti bribery measures in place, so as to prevent an act of bribery being committed on behalf of the company and afford the organisation a defence in the event that an act of bribery is committed on its behalf.
The provision of the Bribery Act will impact on all businesses large and small.
Matthew Claughton has written a number of articles on the Bribery Act, some of which can be accessed below.
Olliers undertakes Risk Assessments on behalf of companies. These can be extremely straightforward and will help the company implement an anti bribery strategy that is realistic and proportionate to the bribery risks the company faces.
If you need to discuss any allegation of corruption or bribery or you require assistance with an anti bribery strategy, contact Matthew Claughton or Richard Holliday at this office.