Businesses have just three months to ensure they comply with the Bribery Act, after Justice Secretary Ken Clarke today (30 March) announced that the UK's updated anti-corruption laws will come into force on 1 July. The new guidelines issued earlier today confirm that a business can be held liable if a senior person within the organisation commits a bribery offence. Organisations may also be liable for failing to prevent bribery conducted on their behalf, but only if the person committing the crime performs services connected with the business - this means companies are unlikely to face action because of the actions of suppliers.
March 30, 2011 at 08:26 AM
1 minute read
The original version of this story was published on Legalweek
Businesses have just three months to ensure they comply with the Bribery Act, after Justice Secretary Ken Clarke today (30 March) announced that the UK’s updated anti-corruption laws will come into force on 1 July.
The new guidelines issued earlier today confirm that a business can be held liable if a senior person within the organisation commits a bribery offence.
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