Banking and Finance: Shining a light on corruption
The Government has drafted a Corruption Bill following criticism of the UK's record on prosecuting UK nationals making corrupt payments overseas. Susannah Williams and Talia Zubli look at what the Bill should address and the case for a single enforcement agency to spearhead the drive against corruption
Despite the Labour Government’s insistence that it takes bribery seriously, a recent report put together by the Organisation for Economic Co-operation and Development (OECD), and adopted by the Working Group on Bribery and International Transactions in March 2005, shows that there has yet to be a prosecution under the anti-corruption and anti-bribery statutes that are currently in force in the UK.
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