Know about the UK Bribery Act

jan13_handshake600x300The Bribery Act 2010 is the latest and toughest policy framed by the UK government as part of the corruption and anti-bribery law. It is straightforward and clear. It does not have any clause.

The law is summarized into four equal crimes. They are bribing, bribing an official or foreign public, receiving a bribe and failing to avoid bribery.

These are the offences or crimes which the government would charge.

It is unlawful to accept, receive, agree, request, give, promise or offer bribes. The anti-bribery policy helps to protect the business. If you are establishing a new business, it is necessary to frame anti-bribery policy. If you feel that there is a risk or someone who is working for you directly or indirectly would be uncovered to bribery, then it is mandatory to mention in your business agreement.

The anti-bribery should be framed according to the risks and opportunities of your business. You have to consider the level where it can be bribed, or your business may face. It is important to think of various angles to conclude a clear business policy against bribery. The policy should include the following points:

  • Your approach to controlling and reducing the chances of bribery
  • Rules about accepting donations, hospitality or gifts
  • Assistance on how to execute the business. For instance, negotiating the contracts

Rules of stopping or avoiding conflicts of interest

  • Once you have framed the anti-bribery policy, explain your staff about the policy and its meanings.
  • The staff should be aware of the anti-bribery policy. They should understand the policy clearly. Ensure to review and monitor the policy regularly.
  • The bribery and corruption can be controlled by the public if they follow certain rules.

Stop politicians where they take bribes

Prohibit the representatives from receiving and soliciting exorbitant assistances from the special benefits they regulate. Try to prevent them while they raise funds during the working hours. The politicians easily calculate the money they need using the term funds. They would surround and collect the money to win in the reelection. The politicians create laws that are suitable for themselves, their career and favourable to their personal interests. They secure donations through these ways and remains as a major head for corruption.

Do not accept job offers where bribes is collected

It has become common in the present scenario. Top positions in the government and private companies are given to people who offer a good bribe. You may encourage winning your position but it remains as a root for other person to start their bribery. If you stop giving opportunities for such scenario, you can easily win a best position than the one that is open on bribe. Hope these laws are simple and understandable.