Bribery Act guidance imminent
Justic minister Kenneth Clarke will revealed his long-delayed guidance Wednesday morning
By CFOWorld.co.uk | CFO UK | Published 10:41, 30 March 11
Justice minister Kenneth Clarke will reveal his long-delayed guidance on the Bribery Act 2010 at around 10.30 am on Wednesday.
The guidance, expected to be published last autumn, was delayed by Clarke due to pressure from companies concerned management could fall foul of the tough new anti-corruption laws potentially facing unlimited fines or a prison sentence.
The act will take effect three months after the publication of today's guidance.
Under the new legislation - considered to be the strictest in the world - a new offence of failure by a commercial organisation to prevent a bribe being paid for or on its behalf has been created.
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