A Guide to the Bribery Act 2010
- Price: £3.60
- Published: June 2015
- Type: Business Information Factsheet
- Format: PDF
The Bribery Act 2010 (the Act), which came into effect in July 2011, introduced new offences relating to bribery regarding business activities in the UK and abroad.
In general, bribery is defined as offering a financial or other incentive to a person in order to encourage them to perform their duties improperly. An example would be offering a cash payment to a decision maker to persuade them to make a decision favourable to the person paying the bribe.
The Act replaces and consolidates previous legislation, setting out offences relating to giving and receiving bribes. It covers the bribery of foreign officials, and the failure of commercial organisations to prevent bribery. The Act does not prohibit a business from providing hospitality. The provisions of the Act apply throughout the UK.
This factsheet explains what the Act covers, who it applies to, and what obligations are placed on firms under the Act.