A DECADE OF THE UK BRIBERY ACT – LESSONS FOR COMPANIES FROM ENFORCEMENT ACTIONS SO FAR

An article from Allen & Overy on 28 June asks what can companies learn from concluded enforcement actions in the past decade?  It identifies –

·         Beware insider risk;

·         Bribes are usually disguised;

·         A single corrupt transaction can be enough to attract prosecutor attention;

·         Policies and procedures must be effective;

·         Shore up the final defences; and

·         Weigh up the pros and cons of entering into a deferred prosecution agreement.

https://www.jdsupra.com/legalnews/a-decade-of-the-uk-bribery-act-lessons-1520300/

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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