Thank you for sharing!

Your article was successfully shared with the contacts you provided.

As corporate lawyers have been waiting patiently for the U.S. Department of Justice to issue updated guidance on the Foreign Corrupt Practices Act, the United Kingdom’s Serious Fraud Office came out with some unexpected guidance of its own, clarifying how prosecutors on the other side of the Atlantic will prosecute bribery. The guidance addresses three primary areas: facilitation payments, business expenditures (such as hospitality and gifts), and self-reporting. Initial reactions from lawyers centered on the latter. Reynolds Porter Chamberlain partner Richard Burger told Reuters: “The new SFO policy means that self-reporting by businesses of potential incidents of bribery and corruption, which used be like a cozy fireside chat, has been replaced by a much a stricter regime.” According to the SFO’s website: “Self-reporting is no guarantee that a prosecution will not follow. Each case will turn on its own facts.” That sentiment is reiterated in an online Q-and-A section about the new policies:

Will the SFO communicate with corporate bodies about their past or future conduct? The SFO encourages corporate self-reporting, and will always listen to what a corporate body has to say about its past conduct; but the SFO offers no guarantee that a prosecution will not follow any such report.

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2017 ALM Media Properties, LLC. All Rights Reserved.