Bribery Act
The Bribery Act 2010 is a UK law aimed at preventing bribery and corruption in both public and private sectors. It makes it illegal to offer, give, receive, or solicit bribes, and addresses bribery of foreign officials. The Act emphasizes that individuals and companies can face severe penalties for participating in corrupt practices. It also requires organizations to implement adequate procedures to prevent bribery. Essentially, the law promotes ethical conduct in business and public life, aiming to ensure fairness and integrity in decision-making processes.
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The Bribery Act is a UK law that addresses corruption by making it illegal to offer, give, or receive bribes. It applies to both individuals and businesses, prohibiting any form of bribery to influence decisions or gain unfair advantages in business or government dealings. The law emphasizes prevention, requiring organizations to have measures in place to prevent bribery. Violations can lead to severe penalties, including fines and imprisonment. The Act promotes integrity and fairness in transactions, ensuring that decisions are made based on merit rather than financial incentives.