UK Bribery ACT: new guidance and advice on entertaining

The UK Bribery Act 2010 has extra-territorial provisions which could mean prosecution in the UK courts for foreign entities who are carrying on business in the UK.

The Old Bailey, London

The Old Bailey, London

In May, UK lobby group the British Bankers Association, published new guidance on Anti-Bribery and Corruption which includes six principles of compliance from the UK Ministry of Justice:

  • Proportionate procedures
  • Top-level commitment
  • Risk Assessment
  • Due Diligence on Associated persons/Third Parties
  • Training and communication
  • Monitoring, review and management information

The guidance also looks at incident management and reporting and gifts and entertaining.

In a well timed op-ed piece, The Drum interviews two lawyers from Sheridans law firm who offer their perspective on why firms should not be concerned about entertaining clients and risking a breach of the UKBA.

 

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