ABSTRACT
This chapter outlines the relevant offences created by the Bribery Act and then goes on to look at the United Kingdoms (UK) bribery policy, which is administered by the Ministry of Justice and enforced by the Serious Fraud Office (SFO) in conjunction with the Financial Services Authority (FSA). Bribery and corruption have received a considerable amount of attention since the introduction and implementation of the Bribery Act 2010 and the extension of the remit of the SFO. There are two organizations, in particular, which study global bribery and corruption: the World Bank and Transparency International. The World Bank believes that corruption is a product of bad governance and the weaknesses inherent in public sector institutions. As well as criminal and civil financial penalties, the court can also make a Civil Recovery Order (CRO) under the Proceeds of Crime Act 2002. The Bribery Act 2010 represents a significant development in the UK's financial crime legislative agenda.
