The long-delayed U.K. Bribery Act will finally take effect in July, according to new guidance issued Monday by the Ministry of Justice.
The act, which looks set to generate significant work for U.S. white-collar practices, was delayed for the second time in February to allow companies more time to put in place what the ministry labeled “adequate procedures” for preventing bribery. Companies now have three months to prepare for the introduction of a law that is broader in both remit and scope than the U.S. Foreign Corrupt Practices Act.
