U.K. Provides New Guidance on Bribery Act Compliance

Britain’s Serious Fraud Office announced new policies earlier this month on how it will enforce the Bribery Act. The agency says it is now taking a harder line on facilitation payments and corporate hospitality, and providing fewer leniencies for companies that self-report wrongdoing than it has promised in the past. “The SFO stance is hardening, and companies are complacent at their peril,” says Barry Vitou, a partner at London law firm Pinsent Masons.
Source: Risk and compliance