Just prior to the three year anniversary of the UK Bribery Act (“Bribery Act”), the UK division of Transparency International (“TI”), a leading non-governmental anti-corruption organisation, released new guidance for companies setting out “principles and good practice” for dealing with requests for small bribes, including facilitation payments (also known as “speed” or “grease” payments). Dealing […]

On May 6, 2014, the British Bankers’ Association (“BBA”) – the U.K.’s leading association for the banking sector – published a 51-page guide entitled “Anti- Bribery and Corruption Guidance” (“the Guidance”). While BBA guidance issued in December 2011 had focused on adequate policies and procedures under the U.K. Bribery Act 2010 (“the Act”),the new Guidance […]

The BBA has released new anti-bribery and corruption guidance for the banking sector, including detailed guidance in the areas of:   the UK Bribery Act 2010; the Ministry of Justice’s six Principles; regulatory obligations and other anti-corruption laws and a comparison with the Bribery Act; top level commitment and governance; risk assessment; due diligence on […]