Companies Look Out: Bribery Act In Force
Individuals found to be in breach of the new rules could face up to 10 years in prison, with their company risking an unlimited fine if it fails to prevent bribery. Legal experts have warned there is just one statutory defence against firms being prosecuted - to show the company has ‘adequate procedures’ to prevent bribery - and that rules will be enforced immediately. Chris comments: “Companies must be aware that putting in place procedures to ensure compliance with the Act will take time. They need to act now, or they could find themselves in an awkward situation pretty rapidly.” If you feel you may need advice Chris can advise you on the latest law in this field. Call the Business Legal Service team today on 01246 560 560 for further information.