With the UK Bribery Act 2010 taking effect last Friday, we here at the Anticorruption Blog have decided to share a guest post we did for Forbes on the subject back in May of this year, “FCPA-Inspired UK Bribery Act Projected to Hit the Oil and Gas Industry Hardest.”
Now that the UK Bribery Act has arrived, companies doing business in both the UK and United States—or whose operations have a “close connection to the UK—should take note of the differences between the UK Bribery Act and FCPA, and will need to revise their existing compliance programs to reflect the more expansive provisions of the UK Bribery Act and the distinctions between the two.
More information on the UK Bribery Act and resources for compliance with it can be found on our previous posts on the subject.