Introduction to the Bribery Act
Bribery is one of the most commonly reported economic crimes in the UK, with nearly one quarter of British businesses having been exposed to it in some form.
It is against the law for companies based in the UK to pay or take bribes to gain business anywhere in the world. It is also a criminal and a corporate offence if a company is found to have failed to prevent bribery. If found guilty, companies can face unlimited fines, while individuals can be handed an unlimited fine and 10 years in prison.
• How bribery is defined
• Forms that bribery can take
• Indicators that bribery is taking place
• Consequences of bribery
• The legal framework, including the Bribery Act 2010
• What to do if you suspect bribery is taking place