The Bribery Act
The Bribery Act came into full force on 1st July 2011 and has turned the previous multiple legislation on its head. The new Act brings in a zero tolerance regime for misconduct with tough penalties for potential offenders.
There are four new criminal offences:
- Offering or paying a bribe
- Requesting or receiving a bribe
- Bribing a foreign public official
- A corporate offence of failing to prevent bribery being undertaken on behalf of the firm because of inadequate preventative procedures
The act has a wide reaching remit as it also applies to those firms who have a presence in the UK. Therefore you need to ensure you and your staff are fully protected.
Wolters Kluwer Financial Services have a range of solutions available to help you meet these needs.
eLearning
Our eLearning Countering Bribery and Corruption course enables staff to protect themselves and their organisation against bribery and corruption. This includes the reputational and financial damages that come from involvement with this.
Course content:
- Definitions of bribery and corruption.
- Negative consequences of bribery and corruption.
- International and UK laws, including the Bribery Act 2010, and the FSA's approach to bribery and corruption.
- The main potential bribery risks and vulnerabilities.
- Practical steps (drawing on the Ministry of Justice Guidance) to avoid involvement in or accusation of bribery and corruption.
For more information on our Countering Bribery and Corruption course please download our brochure.
Examiner
Our solution to monitor personal account dealing has its own gifts and entertainment module that allows thorough web based disclosure on gifts given and received. This ensures that you have adequate procedures in place to adhere to the legislation and prevent bribery of employees.
For more information on Examiner, download our brochure.
Compliance Resource Network
Want to keep up to date with all the latest bribery news? Read the latest expert analysis and keep on top of enforcement actions with our comprehensive daily news service.
Get more information on Compliance Resource Network and activate a free 14 day trial
