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Home SME Tax News SME Tax News New Bribery Act

New Bribery Act

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The Bribery Act 2010 distinguishes between two new offences of bribery: bribing someone or being bribed. It also introduces two new offences.

The new act contrains specific measures to counter the bribery of a foreign public official, and introduces a new corporate offence of failing to prevent bribery.

Penalties range from fines to imprisonment.

The act received Royal Assent on 8 April 2010.

 

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