On 20 June 2017, Reuters published an article reporting that a former banker has been jailed for six years for accepting bribes and money laundering by concealing, disguising, converting and transferring criminal property The article states that the individual, who was a banker at the London-based European Bank for Reconstruction and Development (EBRD) at the […]

Two men running Gatwick taxi firm jailed for trying to bribe council officer over £1 million contract A Pound Hill man running a taxi firm based near Gatwick Airport is one of two men who have been jailed for trying to bribe a council official not to cancel a lucrative contract. In December 2013 Saeed […]

  The Bribery Act came into force on 1 July 2011.  After a slow start, the Serious Fraud Office (SFO) has started to gain traction with recent high profile prosecutions of Standard Bank[1] and the Sweett Group[2]. The main issue to date has been the lead in time.  The Bribery Act does not have retrospective […]

SFO CHARGES TWO FORMER TECH EXECS WITH CORRUPTION – Two former executives of a UK company that supplies technology-based products to the metals industry were charged Thursday with bribery and corruption. The following appeared in Westminster Magistrates’ Court in London. Michael Sorby, a former director of Sarclad Ltd, and Adrian Leek, the company’s former sales […]

The expected creep of corporate criminal liability across the economic crime landscape which began with the Bribery Act 2010 continues apace. Companies need to keep on top of their systems and controls in anticipation of ever greater interest from the authorities in their control and oversight of employees and others under their control. TAX EVASION […]

UK authorities have disposed of the first corporate offence of ‘failing to prevent bribery’ four years after the offence became available, with Brand-Rex Limited self-reporting contravention of the Bribery Act 2010 and agreeing to pay £212,800 in civil recovery. What you need to know: The necessity of ‘adequate’ procedures. Brand-Rex reportedly had anti-bribery and corruption […]

More than four years since the offence of failure to prevent bribery was introduced through s7 of the Bribery Act 2010, the UK’s first s7 resolution has taken place in Scotland. Following a self-report in June 2015, the Crown Office has agreed a civil recovery order with Brand-Rex Ltd, a company that develops cabling solutions […]

Bribery Act 2010 – FIRST SETTLEMENT OF THE CRIMINAL OFFENCE OF FAILURE TO PREVENT BRIBERY Introduction and key facts The Scottish Crown Office and Procurator Fiscal Service announced on 25 September 2015 the first disposal of an offence under section 7 of the Bribery Act 2010. Section 7 was a new offence introduced under the […]