The UK Bribery Act 2010 will be implementing on 1 July 2011. The government has published explanatory notes about the details of all provisions of the Act. The published guidelines highlight prevention of corruption in business organizations under section 9 of the Act, which also contains an explanation of government policy on the functioning of the offense and failure on the part of companies to prevent corruption.
The Act applies to England and Wales, Scotland and Northern Ireland. The UK Bribery act replaces the old public Bodies Corrupt Practices Act 1889, and the Prevention of Corruption Act 1906 and Prevention of Corruption Act 1916. In England and Wales, the violations of the Act are to be instituted by or with the Approval of the Director of the Serious Fraud Office, the Director of Public Prosecution or the Director of Revenue and Customs.
Companies doing business in the UK need to know that there are strict regulation in places to curb bribery and corruption. The only way companies can defend themselves is to prove they had adequate procedure in place to prevent corruption. The new law will make it easy for courts and prosecutors to take immediate action in case of bribery if a representative of any UK company initiates such an act at home or abroad.
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