Tag Archives: UK Bribery Act

Fighting Corruption and Fraud- the ICU and SFO

The United Kingdom’s regime against bribery, corruption and fraud is operating in a new landscape following the introduction in August 2015 of the International Corruption Unit (ICU), a new governmental agency created under the auspices of the Department for International Development (DFID). The latest step in the clampdown on nefarious business practices came as the … Continue Reading

UK Serious Fraud Office launches investigation into GlaxoSmithKline in relation to claims of foreign bribery

The UK’s Serious Fraud Office (“SFO”) has launched a formal criminal investigation into GlaxoSmithKline (GSK) and its “commercial practices”, understood to mean allegations of foreign bribery. David Green CB QC, Director of the SFO, said back in 2012 that only the largest cases, that prevented UK companies from competing for big contracts on a level … Continue Reading

UK Bribery Act Fears Lead to Slow Up-Take of Olumpic Hospitality Packages

Like any other major sporting event, the Olympic Games attracts a large number of corporate sponsors. This summer’s Games in London are no different, with 11 long-term sponsors of the Olympics and a further 40 solely sponsoring the London 2012 Games. But with the London Games looming ever closer into view, sponsors and businesses alike … Continue Reading

Second Circuit Confirms Conscious Avoidance Test

On Wednesday, the U.S. Court of Appeals for the Second Circuit upheld Frederic Bourke’s bribery conviction. This decision is the culmination of investigations and court proceedings that began in 2000.  Mr. Bourke, who co-founded handbag maker Dooney & Bourke, was convicted in November 2009 for violations under the FCPA after his business partner Viktor Kozeny … Continue Reading

Bribery and Corruption – Is There a Future for Self Reporting and Plea Bargaining?

In July 2009, the Serious Fraud Office (SFO) issued a document entitled “Approach of the Serious Fraud Office Dealing with Overseas Corruption,” which encourages companies to approach the SFO to self report corruption in exchange for receiving a US-style plea bargain settlement, thus providing the company with certainty of outcome. However, in his white paper, … Continue Reading

The Bar Speaks Out on the FCPA at the ABA White Collar Conference

In a recent post we analyzed the comments of Charles Duross, Deputy Chief, Fraud Section, Criminal Division, DOJ, at the ABA White Collar Crime annual conference.  Today, we will summarize the comments of Duross’ fellow panelists — Robert Tarun, Mark Mendelsohn and Raphael Monty — all three of whom are in private practice. Tarun stated: … Continue Reading

UK Bribery Act Countdown Continues

The Institute of Chartered Accountants of Scotland (ICAS) is on bended knees, urging the UK government to delay the implementation of the UK Bribery Act to July 2011 (instead of April 2011), stating that realistically small and medium sized businesses need more time to reorganize their internal policies and procedures to comply with the Act. … Continue Reading