Get your act together on bribery law.

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The UK Bribery Act 2010 entered the statute book in April and will come into force in April 2011. The legislation has far-reaching implications for every firm doing business in the UK--merely having a presence in the UK creates jurisdiction and the act can apply even to offences committed in another nation, unrelated to UK operations.

Guidance about procedures that organisations can put in place to prevent bribery will be issued in the new year and the government is starting a consultation. The act provides a legal framework to make companies and directors liable if they fail to prevent bribery. This could lead to unlimited fines...

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