All U.K. Bribery Act articles

  • SFO

    SFO secures DPAs worth $3.4M with two unnamed companies


    The Serious Fraud Office announced deferred prosecution agreements worth £2.5 million (U.S. $3.4 million) with two unidentified U.K.-based companies for bribery offenses.

  • U.K. bribery

    10 years of U.K. Bribery Act: Compliance enough to define law’s success?


    The U.K. Bribery Act marked its 10th anniversary this month, but views are mixed about how the legislation and its enforcement have fared in the decade since it came into force.

  • Aircraft maintenance

    Airline Services Ltd to pay $3.9M, agrees to DPA in bribery case


    The U.K.’s Serious Fraud Office has levied penalties worth nearly £3 million (U.S. $3.9 million) against defunct aircraft refurbishing company Airline Services Limited for violating the country’s anti-bribery laws.

  • LegalMicroscope

    SFO guidance could help companies combat U.K. Bribery Act charges


    New internal guidance from the U.K. Serious Fraud Office outlines what the regulator considers in determining if a company’s compliance procedures are adequate enough to defend against U.K. Bribery Act charges or qualify for a deferred prosecution agreement.

  • Article

    Sponge launches anti-bribery training game


    Sponge has launched Anti-Bribery Sorted, a training game designed to help organizations combat corruption and protect corporate reputation.

  • Blog

    Law firm files alleged evidence of bribery against former client


    U.K.-based mining giant Eurasian Natural Resources Corp. is suing its former counsel and U.K. regulator the Serious Fraud Office for their complacency in leaking information about an investigation into the company for alleged bribery and corruption.

  • Blog

    Transparency International U.K. launches anti-bribery portal


    Transparency International U.K. has launched a new online tool that provides up-to-date and in-depth guidance for businesses in understanding and tackling bribery.

  • Blog

    The FCPA and the fight against terrorism


    Tom Fox looks at the U.S. government’s linking of corruption and terrorism and its intention to use the FCPA as incentive to enact and enforce strong international and domestic anti-corruption and anti-bribery laws.

  • Blog

    Sweett Group to pay £2.25 million for Bribery Act violations


    The U.K. Serious Fraud Office last month sentenced and ordered the Sweett Group to pay £2.25 million ($3.21 million) to resolve an SFO investigation into the company’s activities in the United Arab Emirates. The conviction and punishment represents the first under Section 7 of the Bribery Act and offers many ...

  • Article

    Year in Review: Regulatory Enforcement in Europe


    Image: For compliance officers in Europe, 2015 has been a big year. Aside from focusing on reporting wrongdoing and promoting a speak-up culture, watchdogs have been keeping compliance practitioners busy with a barrage of regulations that show no sign of easing. As compliance officers wonder to what degree the past ...

  • Article

    Lessons From the SFO’s First Deferred-Prosecution Agreement


    The U.K. Serious Fraud Office struck its first-ever deferred-prosecution agreement with Standard Bank in November, giving companies some much-needed guidance on how to disclose misconduct. The SFO’s decision to use DPAs is part of a larger undertaking to put a quick end to corporate criminal cases and encourage cooperation between ...

  • Blog

    First British DPA Provides Much to Ponder


    It has finally come to pass: the first deferred-prosecution agreement under the U.K. Bribery Act. From the role of judicial oversight (greater than that in the United States) to the final statement of facts (much greater than that in the United States), the settlement with ICBC Standard Bank is full ...

  • Blog

    The Press and Exposure of Corruption: BAT Is Next


    Allegations of bribery can come to light in many ways, but one way not usually mentioned—that was prominently featured last week—is through news reports. This time the media outlet was the BBC, and the allegations were that bribery at British American Tobacco Co. had occurred in violation of the Bribery ...

  • Blog

    Cost of Corruption: Now the Short-Sellers Are Here


    The costs of corruption come in many forms, not the least being painfully high penalties from regulators and lawsuits from unhappy shareholders. Now a new front has opened: Muddy Waters, a short-seller firm pressuring Swedish telecom company TeliaSonera, is accusing it of bribery in central Asia—and benefitting as the stock ...

  • Blog

    Scottish Prosecutors Resolve Bribery Case With Brand-Rex for £200,000


    Scotland-based company Brand-Rex, a developer of cabling solutions for network infrastructure and industrial applications, last month reached a £212,800 civil settlement with Scottish prosecutors for failing to prevent bribery by a third party in violation of Section 7 of the U.K. Bribery Act. Details inside.

  • Blog

    ‘The U.K. Bribery Act After Five Years — Where Are We Now?’


    On the eve of the anniversary of the U.K. Bribery Act of 2010, CW columnist Bruce Carton hosted a panel of U.K. experts to address where the SFO stands in its enforcement and prosecution of the Bribery Act, as well as other key issues such as the introduction of deferred ...

  • Article

    Anti-Corruption Reforms Push Forward in Mexico


    Mexico has moved forward again on its quest to strengthen anti-corruption laws there, adopting reforms to clear the path for government authorities to uncover and prosecute acts of corruption committed by companies, individuals, and government officials. More legislative work is ahead, but so far Mexico’s laws might even surpass the ...

  • Article

    Lessons From the BHP Billiton Case


    Image: If compliance officers needed another reminder that the FCPA’s books-and-records provisions are still a dangerous trap for global businesses, look no further than the SEC’s recent $25 million fine against BHP Billiton. Observers say it offers valuable lessons in the SEC’s expansive interpretation of the law. “A check-the-box compliance ...

  • Blog

    New Disclosures for U.K. Companies on Owner Registry


    The British Parliament recently signed off on new legislation that calls for more information about the true owners behind U.K. companies. According to Transparency International, the U.K.’s property market is a conduit for “corrupt capital stolen from around the world.” Current regulations allow U.K. properties to be owned by secret ...

  • Blog

    After Three Years, SFO Obtains First Convictions Under U.K. Bribery Act


    It took more than three years, but Britain’s Serious Fraud Office has finally obtained its first convictions under the U.K. Bribery Act. According to the SFO, two men have been found guilty of conspiring to use false e-mail addresses to produce bogus sales invoices, an offense uncovered by an investigation ...