ABC law demand that companies take adequate steps to prevent corruption. To realise this, they must take a proactive approach to establish that corruption, in all its various guises, will not be tolerated. Regular anti-bribery and corruption training and a clear, well-publicised policy against which corporate entertainment can be assessed on a case-by-case basis are […]

The National Crime Agency boss Lynne Owens has been quoted as saying “We are looking to focus on corrupt professional enablers over the next 12 months.” This weekend (13/14 JAN 2018) she revealed the agency is “finalising” its first case against senior bankers for bribery and money laundering. “Specialist techniques” normally reserved for organised crime […]

The Wolfsberg Group (the “Group”) is pleased to publish updated Guidance as to how Financial Institutions (“FIs”) should construct an effective Anti-Bribery and Corruption (“ABC”) Compliance Programme. The paper entitled “Anti-Bribery and Corruption Compliance Programme Guidance” (“the Guidance”) updates the 2011 Anti-Corruption Guidance paper and, as before, has been developed in collaboration with the Basel […]

On 4 July 2017, the Wolfsberg Group published updated guidance on how financial institutions should construct an effective anti-bribery and corruption compliance programme, together with a statement that summarises the changes made and the reasons for those changes. The guidance updates the anti-corruption paper published by the Wolfsberg Group in August 2011 – It has […]

What penalties are available to the courts for violations of corruption laws by individuals? According to Articles 246 and 247 of the Criminal Code, active and passive bribery can result in five to ten years’ imprisonment and a fine of between €500 and €187,000. Influence peddling can result in five to ten years’ imprisonment and […]

Interesting guide from CMS – CMS Guide to Anti-Bribery and Corruption 4th Edition: Read more: http://bit.ly/1SrPgZe Download pdf: http://bit.ly/1WCL88J