The Bribery Act is one of the biggest changes to UK laws in the area of business and commerce for many generations.
The introduction of this legislation means UK companies have a new set of risks to navigate. The Act introduces a new crime of “failure to prevent" bribery and you must demonstrate you have implemented “adequate procedures" to prevent corrupt practices within your organisation or by third parties on your behalf. Failure to do so could mean you’re exposed to unlimited fines as well as other collateral consequences, such as debarment from government business.
In this video, Will Kenyon introduces some of the key elements of the Bribery Act.
