The passing of the Bribery Act 2010 into UK law has created one of the toughest anti-corruption regimes in existence. Firms operating in the UK will no longer be allowed to make "facilitation payments", which have often been thinly veiled bribes.
Previous UK anti-bribery legislation dated from the nineteenth century, whereas the new legislation goes beyond more modern laws such as the US Foreign Corrupt Practices Act (FCPA).
The FCPA was primarily aimed at targeting bribes to corrupt foreign gov
The week on Risk.net, July 14–20, 2017Receive this by email