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14 April 2014 0 Comments
Posted in Corporate & Commercial, Opinion

Bribery Act Prosecutions Increase

Author headshot image Posted by , Partner

Late last month (March), it was reported that a number of individuals pleaded not guilty, in the Crown Court, in relation to charges brought against them under the Bribery Act 2010.

Therefore, recent statistics suggest that that the number of Bribery Act prosecutions taking place within the UK are increasing; with nine individuals currently facing charges under the Act, whilst another three have been successfully convicted.

Whilst the latest figures have revealed that so-far 12 individuals have face / are facing prosecutions via the Bribery Act 2010; over the last six year, 53 individuals have been convicted in the UK of bribery and / or corruption offences.

However, perhaps surprisingly, of these cases less than 30 have been prosecuted by the Serious Fraud Office; supporting claims that other prosecutors – such as the Financial Conduct Authority – are implementing stricter penalties, and in a quicker timeframe in relation to bribery offences.

The latest figures also add to suggestions that other prosecution bodies are continuing to play a significant role in prosecuting individuals under the UK’s anti-corruption legislation, including the Bribery Act.

For further information please contact Claus Andersen, Partner in Corporate and Commercial on 02075832222.

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