Bribery Act update

By Simon Hems

The director of the Serious Fraud Office (SFO), David Green QC, on 24 October 2013 proposed a number of changes to the UK Bribery Act, which, if enacted, could make it easier for the SFO to prosecute corporations under the act. In particular, Green QC has suggested that the section 7 Failure to Prevent Bribery offence should be extended to include a failure by a relevant commercial organisation — for instance a UK company or foreign company that carries on a business or part of a business in the UK — to prevent fraud and potentially other financial crimes…

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