Bribery and Corruption

In our last video, we discussed corporate “failure to prevent bribery” offence under the UK Bribery Act, our thoughts on a good compliance programme as well as the recent Select Committee report on the Bribery Act and the government’s response. In our second video of our ABC video series, Elly Proudlock and Lucy Blake discuss what we can expect in terms of future developments.

https://www.linklaters.com/en/insights/publications/crisis-ready/crisis-ready/the-corporate-offence-of-failing-to-prevent-bribery-video-2#.XW4u-mNjBpQ.twitter

Eyes wide open: how SMEs should manage  new bribery and corruption risks in light of “gamechanger” UK Government support

(Reuters) - Petrofac Ltd (PFC.L) on Wednesday reported a fall in first-half order intake and forecast lower 2020 revenue, citing uncertainty relating to an investigation into the oilfield services company’s dealings in Saudi Arabia and Iraq.

https://uk.reuters.com/article/us-petrofac-results/petrofac-expects-2020-sales-fall-as-bribery-probe-weighs-on-orders-idUKKCN1VI1BW

Court orders cover eight bank accounts linked to individual who has already had £20m frozen

A police officer who was jailed for taking a bribe to get an assault case dropped has been sacked.

Does the UK have a corruption problem? Officially, no. In reality, we just don’t know

CAIRO (AP) — The United Nations investigators assembled in the departure hall of Sanaa's airport were preparing to leave with precious evidence: laptops and external drives collected from the staff of the World Health Organization.

https://uk.news.yahoo.com/ap-un-workers-accused-fraud-061418648.html?soc_src=social-sh&soc_trk=tw

Senior managers at oil services firm Petrofac have been named by the Serious Fraud Office (SFO) in conjunction with a bribery case involving the organisation.

John Venskus was ordered by His Honour Judge Beddoe to pay a £410,786.14 confiscation order on 22 July at Southwark Crown Court.

https://www.sfo.gov.uk/2019/07/23/john-venskus-ordered-to-pay-410k-confiscation-order/

A new report alleges that the authorities are overlooking bribery and corruption in the UK, however, while some criticism is justified the real picture is not so clear cut

https://economia.icaew.com/opinion/july-2019/is-bribery--and-corruption-being-overlooked-by-uk-authorities#.XTt0KBJwG2w.twitter