Govt announces July implementation date for new UK anti-bribery laws
Businesses have just three months to ensure they comply with the Bribery Act, after Justice Secretary Ken Clarke today (30 March) announced that the UK's updated anti-corruption laws will come into force on 1 July. The new guidelines issued earlier today confirm that a business can be held liable if a senior person within the organisation commits a bribery offence. Organisations may also be liable for failing to prevent bribery conducted on their behalf, but only if the person committing the crime performs services connected with the business - this means companies are unlikely to face action because of the actions of suppliers.
March 30, 2011 at 08:26 AM
7 minute read
Businesses have just three months to ensure they comply with the Bribery Act, after Justice Secretary Ken Clarke today (30 March) announced that the UK's updated anti-corruption laws will come into force on 1 July.
The new guidelines issued earlier today confirm that a business can be held liable if a senior person within the organisation commits a bribery offence.
Organisations may also be liable for failing to prevent bribery conducted on their behalf, but only if the person committing the crime performs services connected with the business – this means companies are unlikely to face action because of the actions of suppliers.
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