UK Bribery Act Enters into Force
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Key takeaways
- The Bribery Act comes into force tomorrow, 1 July, 2011.
- Commercial organisations with business in the UK will be liable for bribery by "associated persons", unless they can prove they have “adequate procedures” in place to prevent bribery.
- The Serious Fraud Office, the agency charged with enforcing and prosecuting the Act, is expected to adopt a common sense approach to the Act's interpretation and enforcement.