Serious Fraud Office's Serious Approach To Bribery Act
October 18, 2012, 1:50 PM EDT
Law360, New York (October 18, 2012, 1:50 PM EDT) -- On Oct. 9, the U.K.’s Serious Fraud Office issued a press release reviewing its approach to the enforcement of U.K. Bribery Act 2010. The SFO announced that it was revoking official guidance it had issued, and past public statements made on the agency’s behalf by its officials, regarding facilitation payments, business expenditures (hospitality), and the treatment of companies that self-report foreign bribery issues to the SFO.
In their place, the SFO announced new policies intended to focus on its Bribery Act enforcement efforts on criminal prosecution...