The Financial Times has reported that a review of the UK Bribery Act is set to be announced next month as the UK government seeks to reduce the cost of compliance for small- and medium-sized businesses. The main focus of the review will apparently be facilitation payments. These are small payments given to officials to … Continue Reading
Following on from our last blog, the SFO has published revised statements of policy on its website dealing with facilitation payments, business expenditure (i.e. hospitality and gifts) and self-reporting which take immediate effect and revoke previous guidance. The new statements of policy are blunt. Facilitation payments – the SFO has reiterated that these are illegal under … Continue Reading
This post was written by Rosanne M. Kay. I recently spoke at the 6th International Pharmaceutical Compliance Congress in Budapest. Jane de Lozey, Head of Fraud at the Serious Fraud Office (SFO), and Raymond Emson, Head of Policy at the SFO, were also scheduled to speak but unfortunately could not make it at the last … Continue Reading
