European organisations breathed a sigh of relief on 20 July 2010 when the British Ministry of Justice announced a delay in the implementation of the UK Bribery Act. The act was due to come into force in October 2010, but will now be delayed until April 2011. Although it is tempting to view it this way, these extra few months should not offer a welcome rest bite period for businesses that are unsure how they will comply with the act.
The Bribery Act has struck fear into the hearts of many organisations that see financial incentives as an integral part of their work since it received Royal Assent in April 2010. The act replaces much, and codifies the remainder, of the various fragments of the UK’s existing anti-corruption legislation, dating back to 1889 with the Public Bodies Corrupt Practices Act. It heralds a new era in the UK’s fight against corruption by establishing distinct general criminal offences for those “offering” and those “accepting” bribes, a new offence for the failure of commercial organisations to prevent bribery by persons acting on their behalf and a discreet offence for those who bribe foreign public officials.
via Post europe – benchmark bribery legislation for europe – Postonline.






