The Serious Fraud Office releases updated guidance on key aspects of the UK Bribery Act 2010 and self-reporting

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The Bribery Act 2010 (the Act), which came into force in July 2011, created a more robust legislative framework allowing for the prosecution of domestic and international bribery offences in the UK. The Serious Fraud Office (the SFO) is the lead agency in England, Wales and Northern Ireland for investigating and prosecuting cases of domestic and overseas corruption.

On 9 October 2012, the SFO published updated statements of policy on certain key issues arising under the Act. These statements of policy deal with the topics of facilitation payments and business expenditure under the Act. In addition, the SFO has updated its general policy on corporate self-reporting of offences.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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