UK Bribery Act: still hostage to budget cuts?

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By Raymond L Sweigart

According to a 22 July 2013 article in the Law Society Gazette, the Serious Fraud Office (SFO) is investigating only two cases relating to the Bribery Act more than two years after the law came into force. Response to a freedom-of-information request reportedly confirmed what was otherwise apparent from the public record — namely that the SFO has yet to bring any prosecutions under the new legislation and, perhaps more alarmingly to some, has so few Bribery Act matters under investigation, none of which have yet led to any prosecution. The SFO does reveal that it has nine other ongoing investigations relating to pre-Bribery Act misfeasance under prior anti-corruption laws…

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