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CGPM is a boutique firm of chartered accountants specialising in corporate governance, risk management and provision of non-audit assurance services.  We would be delighted to meet with you to discuss how we may help.

bribery act 2010 now in force

The Bribery Act 2010 came into force on 1 July 2011.

Four offences were created under the Act:

  1. Offering or making a bribe - "active bribery";
  2. Requesting or receiving a bribe - "passive bribery";
  3. Bribery of a foreign official; and
  4. Failure to prevent bribery.

It is incumbent upon incorporate organisations (companies, partnerships, industrial & provident societies, CIO, SCIO etc) to prevent bribery in their name.  Directors, and with charities trustees, are subject to up to 10 years imprisonment and unlimited fines should they fail to prevent bribery.  There is one defence only; adequate procedures.  We shall shortly prepare a booklet which explains the action you need to take.

 

 
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