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