Following last autumn's consultation on the procedures which commercial organisations can put in place to prevent bribes being paid on their behalf, the Ministry of Justice (MoJ) has on 30 March 2011 published its final version of the guidance (the "Guidance").
Under S7 of the Bribery Act 2010 it is a defence to a charge against an organisation of failing to prevent bribery if the organisation can show it had adequate procedures designed to prevent persons associated with the organisation from undertaking such conduct.
The Ministry of Justice (MoJ) yesterday published its long-awaited consultation on the procedures which commercial organisations can put in place to prevent bribes being paid on their behalf.
The Ministry of Justice (MoJ) has today announced the timetable for implementation of the Bribery Act 2010 and the production of guidance as to what are adequate procedures under the new corporate offence.
The FSA has published a report into how commercial insurance broking firms in the UK are addressing the risk of becoming involved in bribery and other corrupt practices.
The Bribery Act received Royal Assent on 8th April.
The SFO has announced that three board members of ALSTOM have been arrested on suspicion of bribery and corruption, conspiracy to pay bribes, money laundering and false accounting.
The Bribery Bill received Royal Assent last night, 8th April, moments before Parliament was prorogued.
On 26 March 2010, Lord Justice Thomas, at Southwark Crown Court handed down a sentencing judgment for Innospec Limited who had pleaded guilty to charges of conspiracy to corrupt.
The SFO has announced that Innospec Limited (Innospec), a UK subsidiary of Innospec Inc. (a US NASDAQ listed company), has been charged in relation to corruption offences at the City of Westminster Magistrates' Court.