The British Bankers' Association (BBA) has published its own guidance for the banking sector as to how to comply with the Bribery Act 2010. This guidance (entitled "Guidance on compliance: Practical implementation issues for the banking sector") is intended to cover both the requirements of the Act and Financial Services Authority (FSA) regulatory obligations and supplements, rather than replaces, the Ministry of Justice's (MOJ) existing Guidance and that from financial services regulators and prosecutors.… Continue Reading
The Government has made it clear that there is no intention in this legislation to criminalise corporate hospitality or other expenditure which is reasonable and proportionate. It is accepted that this is a recognised and established part of doing business.… Continue Reading
We had a nice long wait for the Government's guidance but I, for one, feel that the wait wasn't really worthwhile. The Act itself is really a gold plated effort by parliament to bring our bribery laws into the 21st century, but the Guidance falls far short of the standard set by the Act.… Continue Reading
Recently a local parish council wrote to members of its bowls club asking them to cease giving Christmas gifts to the club's ground staff, fearing that such gifts could constitute bribery… Continue Reading
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