Corruption at the very top of Arab governments is helping fuel the revolt sweeping the Middle East, toppling regimes in Tunisia and Egypt, and now threatening Libya and even the monarchy in Bahrain.
But bribery is also about to become a business risk, especially for British business, both individuals and companies.
Delayed guidance on the UK Bribery Act 2010 is expected to be published in the coming months and will be followed three months later by the implementation of this extra-territorial legislation, which can impose fines and recover assets from UK-linked companies involved in bribing officials and executives anywhere.
No comments:
Post a Comment