Key Details

Duration: 3 Hours

Available: In-House only

Overview

The UK’s Bribery Act 2010 took effect on 1st July 2011.  It applies to all firms undertaking place in the UK and to all British firms undertaking business elsewhere in the whole of the World.  It extends to include those acting in an agency capacity for such firms.  Three of...

The UK’s Bribery Act 2010 took effect on 1st July 2011.  It applies to all firms undertaking place in the UK and to all British firms undertaking business elsewhere in the whole of the World.  It extends to include those acting in an agency capacity for such firms.  Three of the four offences from the Act deal with offering, giving and receiving bribes; the fourth offence relates to the failure of the management of a firm to put in place comprehensive and effective measures to prevent bribery and corruption.

The course covers the Act and its offences plus the Guidance issued by the Department of Justice, with emphasis on the six principles laid out in the Guidance to assist firms in establishing their own proportionate, effective regimes.

Although the regulator does not have regulatory responsibilities in respect of compliance with the Act by the firms it regulates, it has made it absolutely clear that effective compliance with the Act’s obligations are an important element of the firms’ corporate governance arrangements.  They will therefore take an active interest in their firms’ compliance for that reason.

Who is this for?

Members of senior management who share the collective responsibility for their firm’s compliance with obligations from the Bribery Act 2010. Also, senior members of line management, together with those in oversight functions like Compliance and the MLRO and also internal auditors.

  • The origins of the UK’s current legislation
  • Comparison with other jurisdictions, particularly the USA and the Foreign Corrupt Practices Act 1977
  • The scope of the UK’s Bribery Act 2010
  • The offences from the UK’s Bribery Act 2010
  • The Department of Justice’s Guidance and its Principles
  • Ongoing compliance with obligations from the Act
  • The role of the regulator.

Course participants will be able to:

  • Describe the global approach to prevention and detection of bribery and corruption
  • Explain how the UK’s Bribery Act 2010 fits into the global ABC picture
  • Apply the UK’s Department of Justice Guidance in a proportionate but effective manner
  • Ensure that senior management have established an on-going compliant regime that they are able to monitor effectively
  • Understand and explain the regulator’s role in compliance with the Bribery Act.