Complying with the UK Bribery Act?

The Bribery Act 2010  was introduced to update and enhance UK law on bribery including foreign bribery. It is now among the strictest legislation internationally on bribery introducing a new strict liability offence for companies and partnerships of failing to prevent bribery.  This new corporate criminal offence places a burden of proof on companies to show they have adequate procedures in place to prevent bribery and provides for strict penalties for active and passive bribery by individuals as well as companies.

The Bribery Act creates four prime offences:
  • Two general offences covering the offering, promising or giving of an advantage, and requesting, agreeing to receive or accepting of an advantage;
  • A discrete offence of bribery of a foreign public official ; and
  • A new offence of failure by a commercial organisation to prevent a bribe being paid to obtain or retain business  or a business advantage (should an offence be committed, it will be a defence that the organisation has adequate procedures in place to prevent bribery).

Risk Avert has provided organisations such as Virgin Media, Fujitsu and Arqiva with effective systems and processes that ensure that the comply with the legislation with minimal bureaucracy. Our online gifts and hospitality register now supports over 30,000 employees globally, for more information  click here..

 

Compliance UK Bribery Act

 

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