Urgent Action Required to Ensure Compliance with the UK Bribery Act
May 3, 2010
The UK Bribery Act, which comes into force later this year, has important implications for U.S. companies that conduct business in the UK. The Act’s expansive jurisdiction over non-UK companies in matters of private commercial bribery, and the lack of an exception for “facilitating payments,” may require U.S. companies to review and modify their anti-corruption compliance programs to conform to the new law. This update provides a summary of the key issues in the Act and examines how they will impact U.S. companies doing business in the UK.