Michael Osajda on the UK Bribery Act

The Bribery Act is landmark legislation in the fight against corruption worldwide and may set new standards for individuals and entities engaging in commerce on an international scale. By criminalizing private bribery wherever it occurs in the world, the Bribery Act will highlight the need for totally transparent business transactions as it closes the loophole of facilitating payments and emphasizes that corruption of government officials is wrong. Also, by criminalizing the failure to have adequate procedures to prevent bribery, the law will prompt organizations to adopt policies to reduce the occurrence of bribery through a change in corporate culture and training.

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