UK Bribery Act 2010
Definition
A UK statute creating four offences: paying a bribe, receiving a bribe, bribing a foreign public official, and the corporate offence of failure to prevent bribery. It has no facilitation payment exception and applies with broad extraterritorial reach.
Related terms
- Adequate procedures
- The defence to the Section 7 corporate offence under the UK Bribery Act. A commercial organisation must show it had in place...
- Deferred Prosecution Agreement (DPA)
- An agreement between a prosecutor and a company in which criminal charges are filed but prosecution is deferred in exchange for cooperation,...
- Facilitation payment
- A small payment to a government official to expedite a routine official action. The FCPA exempts such payments; the UK Bribery Act...
- Foreign Corrupt Practices Act (FCPA)
- A 1977 US statute with two main pillars: anti-bribery provisions prohibiting corrupt payments to foreign government officials to obtain or retain business,...
- OECD Anti-Bribery Convention
- The 1997 OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions, requiring its 44 signatories to criminalise active...
Explained in
- Bribery and Corruption: FCPA and UK Bribery ActA UK statute creating four offences: paying a bribe, receiving a bribe, bribing a foreign public official, and the corporate offence of failure to prevent brib...