The Bribery Act 2010 and Its Impact on International Business

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Summary:

The UK's Bribery Act 2010 has significant implications for international businesses, extending its jurisdiction to acts of bribery committed overseas by UK nationals, residents, or companies. Multinational corporations must consider the Act's global reach, holding them accountable for bribery committed by affiliates, employees, or third parties worldwide. To remain compliant, companies should conduct risk assessments, provide ongoing training and awareness programs, and regularly monitor and review their anti-bribery programs.