Anti-bribery and Corruption Law: Renewed Intent
May 2013As published in BCCJ ACUMEN May 2013
Firms operating globally should take note. Revised guidance from both the US and UK authorities together with strong statements of renewed intent signal that enforcement actions are expected to continue to heat up in the years ahead.
The United States Department of Justice (DoJ) has put on record that, together with the U.S. Securities and Exchange Commission (SEC), it is “leading a fight against corruption around the globe”. For its part, the Serious Fraud Office (SFO) in the UK, now under new leadership, has pledged to rebuild its reputation as “primarily a crime-fighting agency”, focused on prosecuting corruption.