Don't be underhand

Opinion

Don't be underhand

April 2011 sees the bringing into force of the Bribery Act, legislation that was steered through Parliament by the last government.

Its aim is to radically reform the bribery and corruption laws in the UK by simplifying the law and introducing unlimited fines for a new corporate criminal offence of failure to prevent corruption and bribery both in the UK and overseas.

The Ministry of Justice has been running a consultation on guidance for businesses to offer help to businesses who will need to put procedures in place to prevent bribery by those working or associated with them.

The guidance - at present - lays out six principles for businesses to follow that cover risk assessments, top level commitment, due diligence, policies and procedures, implementation, and monitoring and review.

Whilst the consultation has only another six days to run, it would certainly be worthwhile to watch for the results of the consultation.

Whether it's the wholesale bribery of a buyer or a backhander to a supplier, you just know that the authorities will be looking to sharpen their teeth.

This was first published in November 2010

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