Posts Tagged: UK Bribery Act
Serious Fraud Office director David Green has proposed an amendment to the UK Bribery Act that would expand the controversial law’s coverage and lead to the possible blacklisting of companies.
Green’s amendment would widen the Bribery Act’s “failure to prevent bribery” language to include a failure to prevent all acts of financial crime.… Continue Reading
Transparency International’s UK chapter released a new handbook Wednesday for creating or enhancing an anti-bribery compliance program.
The handbook targets businesses subject to the UK Bribery Act and U.S. Foreign Corrupt Practices Act, and helps them anticipate, avoid and resist bribery.… Continue Reading
I spoke with Aaron Murphy, author of the book, Foreign Corrupt Practices Act: A Practical Resource for Managers and Executives and, as of 2014, a partner in the litigation practice of Akin Gump Strauss Hauer & Feld LLP’s office in San Francisco.… Continue Reading
Seasoned observers will recall how, over a 20-year period, a succession of long-running corruption inquiries have consistently revealed that certain players in Irish business and government circles appear to have been ethically challenged.… Continue Reading
Commercial bribery is prohibited by many anti-corruption laws throughout the world, such as the UK Bribery Act (UKBA). The anti-bribery provisions of the U.S. Foreign Corrupt Practices Act (FCPA) focus on official bribery, however, leaving commercial bribery to be pursued by U.S.… Continue Reading
Reports that the UK Government is considering reviewing the Bribery Act’s approach to facilitation payments have been the subject of much controversy in the past few months. Beyond the geographical confines of the UK, the project should trigger a bigger discussion on the lack of harmonized standards on facilitation payments among OECD countries.… Continue Reading
The UK’s Serious Fraud Office (SFO) has launched a formal investigation into Rolls-Royce Holdings Plc, Europe’s largest manufacturer of aircraft engines. The investigation is centered around the company’s business dealings in China and Indonesia and follows up on concerns the SFO raised a year ago about possible bribery and corruption involving intermediaries in Asia.… Continue Reading
The Handbook, available here, was first published in 1992. It’s a comprehensive 150-page guide to the FCPA that draws upon the firm’s extensive experience handling enforcement and counseling matters to analyze the latest settlements and government guidance. … Continue Reading
The announcement could not be more timely. Yesterday, we learned that the government of Scotland has reached an agreement with the Aberdeen-based Abbot Group, setting aside £2 million of a £5.6 million bribery settlement to build rugby and soccer fields in impoverished communities.… Continue Reading