31 March 2011
SFO produces guidance on Bribery Act
New guidelines have been issued by the Serious Fraud Office (SFO) in conjunction with the director of public prosecutions to help prosecutors better understand the intricacies of the Bribery Act 2010.
The SFO has provided a document which provides clearer guidance on how the Act will affect UK legislation.
For instance, the law will define four "distinct criminal offences" under which individuals can be charged, which are "being bribed", "bribing another, "bribing a foreign official" and, applicable only to organisations and companies, "failing to prevent bribery".
Mr Alderman commented that the Bribery Act represents "good news for the UK and UK business" as it displays the commitment of the authorities to "helping to eradicate bribery from business practices".
He went on to insist that the SFO will enforce the legislation "vigorously" when it comes into law later in the year.
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Posted by Richard Saunders