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ARTICLE · 23 SEPTEMBER 2010

UK Bribery Act - Know What’s Ahead

Deloitte
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With the advent of the new UK Bribery Act and continued regulatory developments, anti-bribery and corruption compliance should now be a high priority for financial institutions.

United KingdomFinance and Banking
Deloitte Corporate Finance Group
Deloitte Corporate Finance Group
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With the advent of the new UK Bribery Act and continued regulatory developments, anti-bribery and corruption compliance should now be a high priority for financial institutions.

The new Act significantly strengthens the UK law in this area and the Financial Services Authority's Business Plan clearly sets out anti-corruption as a key financial crime priority for 2010 and beyond.

The UK Bribery Act 2010

The new UK Bribery Act is expected to come into force in a matter of months. The Act has a broad scope and contains two general offences of (i) offering, promising or giving a bribe and (ii) requesting, agreeing to receive or accepting a bribe and a specific offence of bribery of a foreign government official.

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