Briefing: The Bribery Act and the Foreign and Corrupt Practices Act

The US Foreign and Corrupt Practices Act has served as the foundation for international efforts to confront bribery since its introduction in 1977 and has influenced the far-reaching scope of the UK's recent Bribery Act, in particular its approach to foreign corruption.  In key respects, however, the Bribery Act goes further than the FCPA: It addresses domestic bribery, criminalises facilitation payments, and broadens corporate criminal liability by creating a separate offence of failing to prevent bribery.  Many businesses will be subject to the jurisdiction of both the FCPA and the Bribery Act.  This briefing explains the key similarities and differences between the two regimes including, crucially, enforcement practices. We hope that it will serve as a useful tool in assessing your risk exposure and the efficacy of existing controls.

Please click here to view the full version of the Briefing ‘The Bribery Act and the Foreign and Corrupt Practices Act.

We hope the briefing will be of interest to you.

Our full list of Briefings & Articles is available on our website www.spa-llp.com

Stephen Platt & Associates LLP focus exclusively on Governance, Risk, Compliance and Regulatory issues for the financial services industry and regulators, globally.

E-mail: info@stephenplattassociatesllp.com
Website: www.stephenplattassociatesllp.com

Stephen Platt & Associates LLP, PO Box 711, 2 Mulcaster Street, St Helier, Jersey, JE4 0PR, Channel Islands
Tel: +44 (0) 1534 871701
Fax: +44 (0) 1534 615988

Stephen Platt & Associates LLP, 218 Strand, London, WC2R 1AT
Tel: +44 (0) 20 7125 0417