UK Bribery Act: Corporate Exposure Beyond The FCPA

Law360, New York (June 22, 2010, 10:45 AM EDT) -- On April 8, 2010, the United Kingdom’s Bribery Act 2010 received Royal Assent, representing a major overhaul of U.K. anti-corruption law. The act, which takes effect later this year, replaces the piecemeal existing law and provides a more comprehensive and far-reaching legal framework for combating bribery in both the public and private sectors.

The new law is similar in purpose to the United States Foreign Corrupt Practices Act but has a substantially broader jurisdictional reach and applicable scope.

The U.K. Bribery Act establishes four classes of...
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Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.