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Bribery Act Update - Has Your Business Taken Adequate Measures

Challinors

4 May 2012

Andrew Shipley - Challinors

Under the Bribery Act 2010 (which came into effect in April 2011), all businesses must put in place adequate measures to stop third parties that they are associated with using bribery to benefit their business.

Bribery is widely defined and includes, over generous hospitality, rebates that have no justification, and the small payments to oil the wheels of bureaucracy that are very common in many parts of the world.

Specifically you need to:-

  • Show a top level commitment to preventing bribery.
  • Carry out a risk assessment.
  • Put in place appropriate policies.
  • Carry out due diligence on the people you work with.
  • Communicate your policy to your staff and business partners.
  • Train your staff on your policies and their obligations.
  • Monitor and review your policy and how it is being implemented.

To hear about the Bribery Act 2010 in detail, please see Andrew’s video blog by clicking here.

Should you have any specific queries or require any further information on the Bribery Act, please contact Andrew Shipley at Challinors Solicitors on 0115 989 7452 or email andrew.shipley@challinors.co.uk 

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Listen here to our interview today with Vivian Robinson QC General Counsel of the UK Serious Fraud O and hear our thouhgts and Mr. Robinson's reaction to the reports that No. 10 has ordered a review of the new Bribery Act laws in advance of there coming into force in April against a back drop of concerns that they will be anti-competitive for UK business.

Zaman
2012-06-06 11:08:12


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