Overview

Government information on what constitutes Bribery Act compliance for commercial organisations has so far been relatively generic. However, guidance was provided when the Financial Services Authority published the reasoning behind the July 2011 £6.9m fine it imposed on Willis Limited for failings in its anti-bribery and corruption systems and controls.

The reasoning is detailed, and helps determine the FSA's expectations for any Anti-Bribery Management System. This is reflected in guidance on compliance published in December 2011 by the British Bankers' Association.

A further aid to organisations seeking to benchmark the adequacy of ABMSs they have introduced, comes in the form of a new British Standard (BS10500:2011), which sets out a specification for ABMSs.

Click 'View Briefing' for further details on these developments.