David Benyon from Op Risk and Compliance magazine reports
A new bribery and corruption legislation will be put before the UK parliament. Doing business using bribery would mean jail for a decade under the bill.
“The new Bribery Bill will make it far easier for companies and senior management to be prosecuted where bribes have been offered, paid or received. The new legislation will be even wider than the US Foreign Corrupt Practices Act, because it covers business-to-business transactions as well as business transactions with government or state-owned bodies,” says Neill Blundell, partner and head of the fraud group at law firm Eversheds”