Bribery Act 2010

[ { "value": "The Bribery Act 2010 is a groundbreaking piece of legislation enacted in the United Kingdom to combat bribery and corruption. This act consolidates previous laws and introduces robust measures to address both domestic and international bribery. Under the Bribery Act, it is illegal to offer, promise, give, request, or accept bribes in both public and private sectors. The law applies to individuals and organizations, extending its reach globally, which means UK businesses can be held accountable for bribery conducted anywhere in the world. Companies are required to implement adequate procedures to prevent bribery, and failure to do so can result in hefty fines and severe penalties. The Bribery Act 2010 is essential for fostering a fair and transparent business environment. } ]