6 Principles for Complying with the UK Bribery Act
The UK Anti-bribery Act (UKBA) has impacted the compliance landscape significantly, expanding third-party risk for companies in the UK and abroad.
The four offenses addressed by the UKBA include regulations and restrictions surrounding:
- The offering, promising, or giving of a bribe (also called active bribery)
- The requesting, agreeing to receive, or accepting of a bribe (also called passive bribery)
- The bribery of a foreign public official to win or retain business or a
business advantage - Failing to prevent the use of bribery to win or retain business or a business advantage
The UKBA is regarded as one of the strictest pieces of anti-bribery legislation in the world, and it can hold serious ramifications for any well-intentioned company that associates with the wrong third party.
Fortunately, there are 6 principles you can adopt to improve your ability to comply with UKBA.
Download our Guide on the UK Bribery Act now to learn what these principles are—including what you should look for in a due diligence solution to ensure you have the information you need to mitigate risk.
