OFFICE ON DRUGS AND CRIME, United Nations Convention Against Bribery
2 WHO observes that alleged unethical practices in the medicines supply chain can take many forms, such a falsification of evidence, mismanagement of conflict of interest or bribery
Has your company experienced previous incidents of bribery
Act, the only way it can avoid penalties is to prove that it had "adequate procedures" in place to prevent the crime.
Compliance with the Bribery
Act is a key area which will need to be taken into account by prospective buyers in the context of acquisitions as there are significant risks for a buyer acquiring a company or business which has potentially been involved in corrupt practices.
Just like the guidance, the SFO has stated that hospitality and promotional expenditure that is reasonable, proportionate and made in good faith is an established and important part of doing business and the Bribery
Act does not seek to penalise it.
Act which came into force on July 1 is an important step in Britain's efforts to combat Bribery
This postponed the effective date of the Bribery
Act from April to July.
companies can't afford to ignore the Bribery
Act and that it's important to look beyond the Foreign Corrupt Practices Act (FCPA).
Failure of a commercial organization to prevent bribery
committed on its behalf is also now criminal.
France and Norway had the cleanest slates, although two thirds of the 2,365 people quizzed across 25 European countries agreed that bribery
and corruption was widespread on their turf - and nearly half were unaware of any company anti-bribery
Professionals and companies may not give the subject of bribery
that much thought.