Frequently Asked Questions in Anti-Bribery and Corruption

A practical guide to addressing the challenges managers face in implementing and enforcing new anti-bribery regulations The Bribery Act became the law of the land in July 2011. It abolished all existing U.K. anti-bribery laws and replaced them with a suite of new regulations decidedly different and more strenuous than what has come before. Under it companies found noncompliant will be open to billions in penalties and remediation costs, and managers will be open to prosecution if anyone associated with their company commits an offence covered by the act. As employees in nearly all departments will share responsibility for ensuring that adequate procedures are in place and enforced, there is a screaming need for practical, jargon-free guidance on the subject. This book fills that need. It arms managers and advisors with the knowledge and tools they need to implement, communicate and test controls and procedures that not only comply with but exceed the new anti-bribery requirements. It also offers priceless pointers on how to effectively react to bribery allegations if and when they occur. Packed with takeaway tips and checklists that put crucial information at readers' fingertips Written by a chartered accountant and compliance expert, the book offers practical steps managers should take to guarantee company compliance Describes best practices in anti-bribery and corruption compliance in all key business areas, including accounting, sales and marketing, management, legal, and internal auditing

About the Author xiii Acknowledgements xv Bribery Acronyms and Terms, and a Quick Index xvii Introduction 1 1 Timeline 5 2 Who Pays Bribes? 19 3 What Are the Key Sets of Rules that Govern International Bribery? 69 4 Frequently Asked Questions 97 5 How Do I Set Up Proportionate Yet Effective Anti-Bribery Compliance Procedures? 343 6 How Do I Carry Out a Review to Detect and Deter Bribery? 405 7 Cautionary Tales – What Happens If You Get Caught? 433 8 What Are My Predictions for 2012 and Beyond? 455 9 Appendices 483 References 525 Get the Text of the Statutes on Your Smartphone from the Following QR Codes 545 Do I Need to Read this Book (Again)? 547 Index 549