皇冠体育app

皇冠体育app Act will ensure the UK is at the forefront of the battle against bribery, allowing the country to clamp down on corruption without being burdensome to business.

Guidance on the safeguards businesses can put in place to prevent bribery has been published today, following in-depth consultation with non-governmental organisations and business. This will ensure that everyone - from the multinational to the lone trader - can deal with the threat of bribery simply and effectively.

Justice Secretary, Kenneth Clarke, said:

鈥業 have listened carefully to business representatives to ensure the Bribery Act is implemented fully and in a workable, commonsense way - this is particularly important for small firms that have limited resources. I hope this guidance shows that combating the risks of bribery is largely about common sense, not burdensome procedures.

鈥榃ithout changing the substance of the Act, this guidance should save organisations of all sizes from the fears sometimes aroused by the compliance industry that millions of pounds must be spent on new systems that, in my opinion, no honest business will require in response to the commencement of this Act.

鈥楽ome have asked whether business can afford this legislation - especially at a time of economic recovery. But the choice is a false one. We don鈥檛 have to decide between tackling corruption and supporting growth. Addressing bribery is good for business because it creates the conditions for free markets to flourish.鈥�

Vince Cable, Secretary of State for Business said:

鈥楤ribery has no place in British business, at home or abroad. This new robust law reflects the UK鈥檚 leading role in the fight against bribery, updates regulation dating back to 1906 and paves the way for competitive but fair practice.

鈥榃e have listened to the concerns from business. That鈥檚 why today we are minimising regulatory burdens and publishing easy-to-understand guidance and a 鈥楺uick-start鈥� guide for SMEs three months before the Act will come into force. This will give these businesses time to prepare.

鈥極ver time we expect the new Act to boost the prospects of UK businesses through enhanced reputation for ethical standards, reduced costs and a level international playing field.鈥�

Dr Adam Marshall, Director of Policy and External Affairs at the British Chambers of Commerce, said:

鈥楤usiness needs real clarity and certainty when it comes to implementing the Bribery Act. We are encouraged by the Government鈥檚 recent efforts to make the Act clearer, especially for small- and medium-sized companies. 皇冠体育app new guidance highlights that common sense, rather than bureaucratic procedures, should lie at the heart of smaller companies鈥� approach.聽

鈥榃e must avoid creating a situation where companies choose not to trade in fast-growing overseas markets because they are afraid it of getting it wrong. Legitimate businesses must be able to operate in foreign markets, engage agents, and entertain potential clients without fear of falling foul of the law. Meanwhile, the full force of the law should be brought to bear on the unscrupulous.鈥�

Stephen Pattison, Director at the International Chamber of Commerce (UK), said:

鈥樆使谔逵齛pp International Chamber of Commerce has long supported the modernisation of the UK law on bribery. 皇冠体育app publication of guidance today, following consultation with business, is a welcome step in providing greater certainty for businesses operating internationally. This additional clarity is particularly welcome in important areas such as corporate hospitality and the treatment of joint ventures.鈥�

皇冠体育app guidance has been published on the website along with easy-to-understand Quick-start guidance for small business, allowing a three-month familiarisation period before the Act commences.

As well as advising on anti-bribery procedures the guidance includes practical case studies on hospitality, facilitation payments and joint ventures.

Notes to editors

1. View the guidance and Quick Start Guide:
2. Guidance will be published alongside joint prosecution guidance issued by the Director of the Serious Fraud Office and the Director of Public Prosecutions.
3. 皇冠体育app Bribery Act will:
4. • Introduce a corporate offence of failure to prevent bribery by persons working on behalf of a business. A business can avoid conviction if it can show that it has adequate procedures in place to prevent bribery.
     • Make it a criminal offence to give, promise or offer a bribe and to request, agree to receive or accept a bribe either at home or abroad. 皇冠体育app measures cover bribery of a foreign public official.
     • Increase the maximum penalty for bribery from seven to 10 years imprisonment, with an unlimited fine.
5. 皇冠体育app received Royal Assent on 8 April 2010.