Tag Archives: “due diligence”

Anti-Bribery and Corruption, Compliance, Election and Political Law, Enforcement and Prosecution Policy and Trends, Financial Institution Regulation, Fraud, Deception and False Claims May 20, 2014

British Bankers Association Updated Anti-Bribery and Corruption Guidance May 2014

All in all, we at the BriberyLibrary consider that the BBA's guidance is thorough, commendable, and has some great practical tips… Continue Reading

Anti-Bribery and Corruption, Compliance, Enforcement and Prosecution Policy and Trends, Financial Institution Regulation March 31, 2014

Besso Limited fined by the FCA for anti-bribery systems failings

The Besso case reflects our own experience that there are still many small and medium sized companies who have still not taken, four years after the Bribery Act was enacted, the far-reaching provisions of the Bribery Act sufficiently seriously.… Continue Reading

Anti-Bribery and Corruption, Compliance, Enforcement and Prosecution Policy and Trends, Fraud, Deception and False Claims October 31, 2013

International Business Attitudes to Corruption – Survey 2013

Based on these statistics, it seems fairly likely that some companies will learn the hard way about the benefits of putting in place a proper compliance program for anti-corruption risks when they are later investigated and prosecuted… Continue Reading

Anti-Bribery and Corruption, Compliance, Enforcement and Prosecution Policy and Trends, Financial Institution Regulation October 11, 2013

Anticorruption compliance is more than adopting a policy

When the prosecutors come knocking on the door with a search warrant, one of the first things they will look for is evidence as to whether the company adhered to and fulfilled the six principles of adequate procedures. If one or more of those six steps is missing, the company may have no defence to a prosecution… Continue Reading

Anti-Bribery and Corruption, Compliance June 8, 2012

Transparency International’s Guidance on Anti-Bribery Due Diligence For Transactions

Transparency International UK ("TI-UK") recently published this guidance relating to mergers and acquisitions, private equity investments and other forms of investment.… Continue Reading

Anti-Bribery and Corruption, Compliance, Election and Political Law November 22, 2011

Deloitte Anti-Corruption Practices Survey 2011:”Cloudy with a chance of prosecution?”

Indeed several we at the Bribery Library have spoken to over the past year have no anti-corruption controls in place at all, which is perhaps surprising when you realise that they are entities with turnovers of $billions… Continue Reading

Anti-Bribery and Corruption, Compliance, Enforcement and Prosecution Policy and Trends, Financial Institution Regulation July 22, 2011

UK Financial Services Authority fines Willis Limited, insurance brokers, for failures in its anticorruption compliance programme – some sobering lessons for all companies

So, another large insurance broker has been publicly criticised and fined. According to the FSA, this was avoidable as Willis knew what they had to do in terms of compliance and they knew the risks to their business in relation to bribery and corruption, but it appears that their compliance was inadequate in several different respects… Continue Reading

Enforcement and Prosecution Policy and Trends June 27, 2011

Serious Fraud Office targets private equity firms

One industry which faces potentially onerous obligations under the Bribery Act 2010 about which there has been little official comment is private equity. That position changed last week. In a speech to private equity clients of the law firm Debevoise & Plimpton LLP, Richard Alderman, the Director of the Serious Fraud Office, made it clear that the Act applied as much to private equity firms as any other.… Continue Reading

Anti-Bribery and Corruption, Compliance, Election and Political Law March 30, 2011

BRIEFING NOTE – UK Bribery Act, Section 9 Guidance

The Government has released Guidance on the Act, which is intended to help organisations understand how the Act will operate and how to deal with the risks of bribery. The Guidance gives insights into how the Act might be interpreted, but does not give assurances. It suggests procedures that might be adequate, but does not set down rules.… Continue Reading

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