Exclusive analysis from Complinet's Informer magazine for subscribers. The Autumn 2009 issue (PDF) is now available.
The UK has long been criticised for its seemingly lax approach to tackling bribery and corruption. The Organization for Economic Control and Development has castigated it for its failures, while the US has openly criticized the UK's stance.
The UK is, however, set to introduce anti-bribery legislation that will bring together disparate regulations into a tighter regime. The new rules, which are likely to be introduced before the next election, will lead to some important changes. In particular, firms will face the prospect of being charged under the new corporate offence of failing to prevent bribery.
In the run up to the long-anticipated bill, the Serious Fraud Office has brought its first criminal prosecution against a firm for overseas bribery and corruption. Bridge builder Mabey & Johnson has pleaded guilty to a range of bribery charges involving foreign officials,
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