Fraud and white-collar crime: A brave new law
Tackling bribery and corruption has become a key focus for many prosecuting authorities around the world. The World Bank estimates that more than $1trn (£503m) is paid in bribes worldwide. As the global markets open up, governments want to ensure that companies are operating on a level playing field. UK companies are increasingly finding themselves in these global markets, and against foreign competitors, where bribery has long been part of the business culture. UK bribery law has not kept up with the pace of globalisation.
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