News & Analysis as of September 26, 2024

UK Bribery Act › Organization for Economic Co-operation and Development

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The UK Bribery Act is an act of the Parliament of the United Kingdom enacted in 2010 to prevent, combat and penalize acts of bribery. The Bribery Act creates four offenses: 1) bribing another person 2) being bribed 3) bribing a foreign official 4) failure of a corporation to prevent bribery on its behalf. The Act provides for very stringent penalties and is considered one of the toughest pieces of anti-bribery legislation in the world. less -

Third-party due diligence: Are supplier questionnaire(s) the answer?

Society of Corporate Compliance and Ethics... on 2/6/2024

Numerous laws (U.K. Bribery Act guidance document, German Supply Chain Act, Foreign Corrupt Practices Act resource guide, OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and...more

Bribery Act 2010: Ten Years On

WilmerHale on 5/25/2021

Ten years have passed since the introduction of the UK’s primary anti-corruption law, the Bribery Act 2010 (“the Act”). This article examines the extent to which the Act has lived up to its billing as the international “gold...more

Anti-Corruption Enforcement: Analyzing the Enforcement Approaches of the US, the UK and France

BCLP on 4/19/2018

Anti-Corruption enforcement is a top priority in France, the UK, and the US. Each of these countries has armed its enforcers with the enforcement tools necessary to investigate and prosecute corporations and individuals. Join...more

"Absolute Liability" for a Failure to Prevent Foreign Bribery: Significant Change Ahead in Australia?

Jones Day on 12/22/2017

On 6 December 2017, Australia's Federal Government tabled the Crimes Legislation Amendment (Combatting Corporate Crime) Bill 2017 ("Bill"), which contains various amendments to Australia's foreign bribery regime, including...more

Significant Reform Signalled for Australia's Foreign Bribery Regime

Jones Day on 12/11/2017

On 6 December 2017, the Commonwealth Government announced its intention to significantly reform Australia's existing anti-foreign bribery regime. The Crimes Legislation Amendment (Combatting Corporate Crime) Bill 2017, now...more

Canada Just Outlawed Facilitation Payments. Should You?

Arnall Golden Gregory LLP on 11/3/2017

On October 31, 2017, an amendment to the Corruption of Foreign Public Officials Act (“CFPOA”), Canada’s analog to the U.S. Foreign Corrupt Practices Act (“FCPA”), made illegal defined ‘facilitation payments.’ The CFPOA now...more

An overview of the OECD's Phase 4 Report on the UK's implementation of the Anti-Bribery Convention: Part II

WilmerHale on 5/24/2017

This article follows on from “Part I: Detecting bribery", which also contains a summary of the background to the OECD’s Phase 4 Report. For completeness, a short background section is repeated here....more

An overview of the OECD's Phase 4 Report on the UK's implementation of the Anti-Bribery Convention

WilmerHale on 4/26/2017

“The UK has made significant improvements to its ability to detect foreign bribery, but could still do more by reforming out-of-date legislation and better utilizing existing resources.” On 23 March 2017, the...more

Hallmark 1 – Commitment from Senior Management and a Clearly Articulated Policy Against Corruption

Thomas Fox - Compliance Evangelist on 8/22/2016

Over the next two weeks I will be revisiting the Ten Hallmarks of an Effective Compliance program, as laid out in the 2012 A Resource Guide to the U.S. Foreign Corrupt Practices Act ( FCPA Guidance) authored by the Criminal...more

Great Structures Week I: Vitruvius, the Brooklyn Bridge and Compliance

Thomas Fox - Compliance Evangelist on 7/13/2015

I recently completed a course from The Teaching Company, entitled “Understanding the World’s Greatest Structures: Science and Innovation from Antiquity to Modernity”, taught by Professor Stephen Ressler. It was a wonderful...more

The All-Star Game and Tone at the Top

Thomas Fox - Compliance Evangelist on 7/6/2015

Quite simply, any compliance program starts at the top and flows down throughout the company. Before you arrive at tone in the middle and bottom, it must start with a commitment at the top. All regulatory schemes for...more

The End of an Era and the End of Facilitation Payments?

Thomas Fox - Compliance Evangelist on 1/7/2015

Two famous New Yorkers died this week. Both spoke to not only to the glamour of the Big Apple, but the city’s once undisputed crown as the cultural mecca of the US. They were Allie Sherman and Bess Myerson....more

International Coordination and Cooperation in Corruption Cases

The Volkov Law Group on 9/22/2014

Global anti-corruption enforcement is fast becoming a complicated affair. No longer can companies just focus on the FCPA, with momentary blips of concern for the UK Bribery Act....more

UK Bribery Act: Red Light, Green Light or Mixed-Signals?

Pillsbury Winthrop Shaw Pittman LLP on 6/7/2013

The UK Government has announced a review of the Bribery Act 2010 and its intent to reduce the cost of compliance for small and medium-sized businesses. The main focus will apparently be on facilitation payments. These are...more

CIS Legal Update - May 2013: Measures Taken to Strengthen Russian Anti-Corruption Laws

Dechert LLP on 5/14/2013

Despite Russia’s reputation for corruption, the anti-bribery climate in Russia is evolving. A recent flurry of anti-bribery legislation, as well as Russia’s ratification of the OECD Convention on Combating Bribery of Foreign...more

Anti-Corruption Law And The Oil And Gas Industry: Evolutions In Both Demand Vigilance

Troutman Pepper on 4/16/2013

Businesses in the oil and gas industry are cautioned to pay careful attention to evolutions in anti-corruption law in the jurisdictions where they operate. The U.S. government has successfully enforced the Foreign Corrupt...more

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UK Bribery Act › Organization for Economic Co-operation and Development

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