The BBA has released new anti-bribery and corruption guidance for the banking sector, including detailed guidance in the areas of:
- the UK Bribery Act 2010;
- the Ministry of Justice’s six Principles;
- regulatory obligations and other anti-corruption laws and a comparison with the Bribery Act;
- top level commitment and governance;
- risk assessment;
- due diligence on associated persons/third parties;
- gifts, corporate hospitality and promotional expenditure;
- training and communication;
- monitoring, review and management information; and
- incident management and reporting.
Copies of the guidance = https://www.bba.org.uk/wp-content/uploads/2014/05/ABC_guidelines_designed-final.pdf
and the related webpage = https://www.bba.org.uk/policy/financial-crime/anti-bribery-and-corruption/anti-bribery-and-corruption-guidance/
are available.
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