On 29th March, Katten Muchin Rosenman LLP published an article saying that the OECD Working Group on Bribery (Working Group) published its “Phase 4 Two-Year Follow-Up Report” on the UK implementation of the OECD anti-bribery convention. The Working Group’s report follows the written responses the UK submitted in March 2019 to the OECD’s “Phase 4” evaluation in March 2017. The report expresses some concern at the low level of finalised and ongoing foreign bribery enforcement cases in the UK, given the size of the UK economy. However, the Working Group welcomed the adoption of the Criminal Finances Act 2017, which grants new powers to the UK FIU. The UK has to report back report back by March 2021 on outstanding recommendations, and will make annual update reports.
The report is at –