Eversheds: Many UK firms underestimate new anti-bribery laws

Many financial firms in the UK do not fully understand the country's anti-bribery or anti-corruption laws and leave themselves open to serious penalties, according to a report by international law firm Eversheds. The report surveyed close to 700 companies, including 50 financial services firms, in January.

Many firms are in the dark about new UK anti-bribery legislation expected to come into force later this year, the report says. Almost half (46%) of financial firms surveyed are unaware that