With the House of Lords examining the effectiveness of the Bribery Act, Aziz Rahman of business crime solicitors Rahman Ravelli argues that the Act seems unnecessarily hard on SMEs.
As budgets begin to expand, purse strings loosen and new business increasingly pushed onto the agenda, corporate hospitality provides a great way to introduce your business to new clients or provide a refresher for existing ones – as long as the right approach is found.
Jo Rickards and Jo Walsh, partner and associate in the criminal litigation team at Kingsley Napley, give their take on the conviction of a British business for corrupt payments.
It is not difficult to imagine that the Serious Fraud Office looks with some envy at its counter-parts in the US, the Department of Justice and SEC. In 2013, the DOJ collected $3.8bn in fines and settlements from corporates for breaches of the FCPA and related legislation. It expects 2014 to be even more lucrative.
After news broke last year of a criminal investigation into the alleged bribery of doctors by certain GlaxoSmithKline (GSK) local executives to boost sales in the lucrative China market, many were sympathetic.
So the Bribery Act is finally in force. After the initial furore, and those alarmist media stories announcing “the end of corporate hospitality”, the scaremongering was finally shown as nonsense.
With the Bribery Act coming into effect today (July 1), it’s critical that you have the right systems and checks in place so your business is compliant with the Bribery Act.
It’s a vital time to ensure you’ve taken all the necessary steps to review and document your compliance with the Bribery Act, which comes into force on July 1, 2011.
Will buying lunch for a client be banned under the Bribery Act? Here are the hospitality rules for the Bribery Act.
With the Bribery Act coming into force soon, do you need to hire a lawyer to review your anti-bribery policies?
Do you need a Bribery Act policy in place in your business?
The Bribery Act 2010 is coming into force in June. But when are you liable?