The United Kingdom’s answer to the Foreign Corrupt Practices Act (“FCPA”) has arrived. The UK Bribery Act 2010, which received Royal Assent on April 8, 2010, is both stricter and broader than the FCPA. The U.K. Ministry of Justice announced on July 23, 2010 that the implementation of the Act will be delayed until April 2011, which gives companies much-needed time to prepare for the changes it will bring.
The following article by Bethany Hengsbach was originally published in the Financial Executive. To read the article please click here, or visit the Financial Executive website.