Why prevention is better than cure for UK exporters when it comes to the UK Bribery Act
If you are exporting through a network of distributors or agents, have you looked at the implications and requirements of the UK Bribery Act 2010?
It is no longer possible to turn a blind eye if one of your distributors or agents uses bribery to win business for you. The UK Bribery Act 2010 makes it an offence if you fail to prevent bribery taking place and ignorance is no defence. Penalties include unlimited fines and ten years in jail.
You will have a defence if you can show you took all reasonable measures to prevent bribery from being committed by third parties on your behalf.
There are some clear steps you can take to ensure your company complies with the requirements of the UK Bribery Act. As the “cure” can be painful and expensive, it is worth taking some steps towards “prevention”.
Luscient Ltd offers a tailor-made program to help you develop an effective anti-bribery compliance program. Contact us today at [email protected] or call 07825 307454.