Bribery and Corruption Act
Bribery and Corruption Act Solicitors – Bribery is the act of giving expensive goods, money or financial recompense in the form of shares, bonds or debentures to the recipient in exchange for an alteration of behaviour or action that the recipient would not alter otherwise.
It is illegal to offer money, promise, commodity receive or accept bribes in any form whether physical or non-physical.
Guidelines according to the UK Bribery Act
The bribery act was passed on the 8 April 2010 and came into force on 1 July 2011. It is the act of Parliament of the United Kingdom which covers the criminal law related to bribery. The received the consent of Royal Assent on 8 April 2010 following support by various legislative parties. This reveals previous statutory and all common law provision in relation to bribery.
The penalty for committing a crime is under this Act are maximum of 10 years of imprisonment, along with an unlimited.
Things come under Bribery Act 2010 are as follows
- Private to private bribery
- Active and passive bribery
- Facilitation payments
- Promotional expenses