Upcoming webinar: Risk mitigation for bribery – what do companies need to know?
Wednesday 19 June 12pm UK Bribery and corruption are not new issues. But they remain impressively persistent in their ability to wreak havoc and cause trouble. Companies are losing hundreds of thousands of pounds to these schemes, not to mention reputational damage and legal action. In this webinar we will look at the different types […]
SAP paid $235m after being charged with bribery
The global software giant agreed to a settlement with the US Department of Justice that is one of the largest of its kind SAP, the German-based company, was charged with bribing government officials around the world and agreed to pay over $235m in one of the largest bribery settlements. The company along with co-conspirators bribed […]
MPs to next government: Close anti-corruption loopholes
In a new manifesto, MPs outline their vision for UK anti-corruption laws. What does this mean for the future of bribery and corruption regulation? A cross-party group of MPs want the next government to ensure that the UK is no longer a haven for dirty money by enacting legislation that would tighten up current corporate […]
Ex-MoD official gets 30 months in Saudi corruption case
Jeffrey Cook was found guilty of taking over £70K in kickbacks Jeffrey Cook, a former Ministry of Defence (MoD) employee received 30 months in jail time after being convicted of misconduct in public office. Cook took over £70K in payments and gifts as kickbacks on a public contract that he arranged while he was an […]
Former Western Sydney Airport employee charged with allegedly soliciting a bribe
This charge is the first in an investigation initiated by the newly-launched National Anti-Corruption Commission A former employee of the Western Sydney Airport (WSA) has been charged with allegedly soliciting a bribe of $200k during the procurement process for a contract to provide services at the airport. The contract was worth an estimated $5 million. […]
Transparency International’s Corruption Perception Index 2023: What are the riskiest countries for bribery and corruption?
The annual list is a must-read for global businesses The anti-corruption NGO Transparency International has released their annual report into perceptions of corruption and bribery across the world. This list forms a critical part of any organisation’s bribery and corruption risk assessment. Countries within the supply chain or which are significant markets or resources should […]
What Level Of Hospitality, Gifts Or Travel Is Acceptable?
Related Courses The Bribery Act 2010 references the controversy surrounding the practice of hospitality within business, as hospitality can be used to conceal bribery. Therefore, the Bribery Act and the Ministry of Justice have drawn a distinction between hospitality and bribery to allow the practice of hospitality to continue, but in an honest, transparent and […]
What Is The Bribery Act 2010?
The Bribery Act 2010 is the UK based law which strengthens bribery and corruption legislation, in response to the increasing rate of bribery offences. The act effectively updates the bribery offences which an individual or an organisation can be found guilty of. Subsequently, the act states the penalties which will be administered against an individual […]
What Is Section 7 Of The Bribery Act 2010? | DeltaNet
Related Courses The UK Bribery Act 2010 incorporates Section 7 entitled “Failure To Prevent Bribery.” This section has been established with the purpose to set out company liability for corrupt activity committed by their employees or associated persons, which demonstrates the intention to create an advantage in the conduct of business for their organisation. If […]
What Is Bribery And Corruption?
Bribery is the action of offering another individual something of value, notably money, in exchange for something which will be beneficial to the briber. Corruption can apply to a large range of actions, which are essentially conducted with illegitimate and dis-honest intentions. Bribery and corruption can offer an individual within the business sector the opportunity to speed […]
