The Bribery Act 2010 has not significantly affected the ability of UK companies to do business, according to recent research.
The Ernst & Young survey, which polled 406 chief financial officers, controllers and finance managers at a range of FTSE, mid-size and private companies, revealed that just 6% of companies believed the anti-bribery law hampered their business dealings.
Anyone feeling complacent, however, should take note that the first prosecution under the Bribery Act has resulted in a prison sentence. A court clerk who pleased guilty to a charge under section 2 of the Bribery Act – for requesting and receiving a bribe intending to improperly perform his functions – has been sentenced to three years imprisonment for the bribery offence and six years for misconduct in a public office, the sentences to run concurrently.
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