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ARTICLE · 23 MAY 2012

The Bribery Act 2010 - How Will It Affect You?

Swan Turton
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Described as "the toughest bribery legislation in the world" by the Serious Fraud Office, the long awaited Bribery Act 2010 is now due to come into force on 1 July 2011 and places a greater burden on businesses than the current law on bribery.

United KingdomCriminal Law
Rahila Rahman
Rahila Rahman

Described as "the toughest bribery legislation in the world" by the Serious Fraud Office, the long awaited Bribery Act 2010 is now due to come into force on 1 July 2011 and places a greater burden on businesses than the current law on bribery.

The Act is fairly short but its far reaching scope should not be underestimated.

Current Law

The existing law on bribery is contained in a combination of statutes going as far back as the nineteenth century and of common law. The existing law is considered to be both antiquated and inadequate to deal with corruption in an increasingly global market.

The Act will repeal the existing legislation and abolish the common law offence. However, the Act will not have retrospective effect - the existing law will still be around for many years and apply to any activities occurring before the coming into force of the Act.

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