Tips For Adapting To The UK Bribery Act

Law360, New York (October 31, 2011, 12:23 PM EDT) -- The United Kingdom’s Bribery Act, which became effective July 1, 2011, is considered by many to be the toughest anti-bribery legislation in the world. The act differs in many respects from the U.S. Foreign Corrupt Practices Act — most strikingly in its coverage of domestic and foreign bribery by representatives of public and private entities, its potential for strict liability for failing to prevent bribery, and its absence of caps on monetary liability.

U.S. organizations must comply with the act if they engage in business in...
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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.