Posts Tagged ‘Bribery Act’

Breaking News: The Bribery Act 2010 will finally become law on 1st July 2011 and creates a new offence under section 7 which can be committed by commercial organisations which fail to prevent persons associated with them from bribing another person on their behalf.

An organisation that can prove it has adequate procedures in place to prevent persons associated with it from bribing will have a defence to the section 7 offence.

The guidance, published here under section 9 of the Act, will help commercial organisations of all sizes and sectors understand what sorts of procedures they can put in place to prevent bribery, as mentioned in section 7.

A quick start guide has also been published which sets out the key points.

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Bribery Act

Employers won’t have to worry about implementing new anti-corruption measures just yet as the Bribery Act which was set for implementation in April this year has just been postponed by at least a further 3 months pending official guidance. More on this as developments unfold.

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The new Bribery Act will become law in April 2011 and employers will need to introduce anti-bribery policies into their Employment Policies and Procedures in order to defend themselves against allegations of corruption which can otherwise lead to prison sentences and heavy financial penalties imposed by the Serious Fraud Office. Check out your Managers Toolkit section of your ELE Members account at http://www.eleonline.com for more information or call us on 0870 300 3809 for help in preparing for the new legislation.

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