The Bribery Act, which received Royal Assent on 8 April 2010, will come into force in April 2011. The Act makes sweeping changes to UK bribery and anti-corruption legislation and will have a huge impact on UK companies in all sectors as well as companies operating a branch or subsidiary in the UK. It will make the UK anti-bribery regime one of the strictest in the world.
This article by Neill Blundell, Head of the Eversheds Fraud Group, summarises the Act and gives recommendations to boards on actions to be taken.
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