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From Baksheesh to BriberyUnderstanding the Global Fight Against Corruption and Graft$
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T. Markus Funk and Andrew S. Boutros

Print publication date: 2019

Print ISBN-13: 9780190232399

Published to Oxford Scholarship Online: May 2019

DOI: 10.1093/oso/9780190232399.001.0001

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United Kingdom

United Kingdom

Chapter:
(p.455) 17 United Kingdom
Source:
From Baksheesh to Bribery
Author(s):

Andrew Boutros

Publisher:
Oxford University Press
DOI:10.1093/oso/9780190232399.003.0017

The United Kingdom was one of the first countries in the world to have explicit statutory provisions outlawing bribery, and has had a long-standing legislative framework prohibiting fraud and misconduct in public office. Nevertheless, historically, these laws were rarely used. Following recommendations by the Organisation for Economic Cooperation and Development (OECD), the UK adopted its first comprehensive anti-corruption legislation in the form of the Bribery Act 2010 (“Bribery Act”), which went into force in July 2011. The Bribery Act is now considered arguably one of the most stringent anti-corruption statutes in the world, criminalizing both public and commercial bribery. In recent years, the Serious Fraud Office (SFO) has demonstrated an increased willingness to take a more aggressive approach to enforcing the Bribery Act, as illustrated by the SFO’s deferred prosecution agreement with Rolls Royce Plc in January 2017, which resulted in a record-breaking £497 million settlement.

Keywords:   Bribery Act, Serious Fraud Office, fraud, bribe, corruption, United Kingdom

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