British lawmakers are poised to approve the most sweeping reforms of anti-bribery law in the United Kingdom in more than a century, creating a new anti-corruption regime that many believe will be sterner than even the United States’ dreaded Foreign Corrupt Practices Act.
The Bribery Bill, as it formally known in Parliament, is a close cousin to the FCPA and strives to achieve the same broad goal: prohibiting companies from paying bribes to win business. But in several important ways the Bribery Bill is even more restrictive than the FCPA and will almost certainly impose new internal control and corporate compliance work on companies that do business in Britain or employ British nationals.
