UK bribery guidelines “undercut” compliance initiatives
The UK’s Serious Fraud Office has toughened up its guidelines for prosecuting companies accused of violating UK fraud and anti-corruption legislation – creating much more uncertainty for companies and for compliance professionals, say some.In the guidelines, the SFO pledges companies will be prosecuted if there is a realistic prospect of conviction and it is in the public interest to do so – even where a corporation has self-reported a violation to the authorities.
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