he Bribery Act received Royal Assent in April 2010. This expansive piece of legislation was introduced not only following recognition that the old law governing bribery was old and lacked clarity, but also in the wake of significant controversies (including the ‘cash for questions’ scandal and the dropping of the BAE Systems prosecution purportedly on the grounds of national security).
The 2010 Act both updated and reformed the anti-bribery framework. It contains a robust range of offences: bribing a person; being bribed; bribing foreign officials; and failure to prevent bribery. The Act extends to activity that takes place in the UK ‘or elsewhere’. Significantly, not only can the company itself be prosecuted, but so too can individual officials (with penalties up to 10 years imprisonment).
Chair: Dr Colin King, IALS
Tags: Centre for Financial Law, Regulation and Compliance (FinReg)
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