Carson McDowell and CBI Host Bribery Act Briefing
14 March 2013
Practice Area: EU and Competition
Carson McDowell recently partnered with CBI Northern Ireland to deliver a breakfast briefing to explain the implications of The Bribery Act 2010, which came into force on 1st July 2011.
The briefing was delivered by Dorit McCann, EU, Competition and Regulatory lawyer at Carson McDowell; Rachna Gokani, a leading barrister with QEB Hollis Whiteman; and Phil Goodwin and Richard Covell from Deloitte.
The event was designed to help clarify the new bribery legislation and highlight some of the high risk areas for businesses, as well as outlining the penalties involved for breaching the rules.
Speaking about the event, Dorit McCann said:
"The event today is timely in that it comes shortly after the publication by the Serious Fraud Office of its revised policies on corporate hospitality, facilitation payments and self-reporting. The aggressive new stance adopted by the SFO, under the leadership of its new Director, David Green, means that businesses should now take a hard look at their bribery prevention procedures to ensure that they are in line with existing guidelines and best practice."
Nigel Smyth, CBI Northern Ireland Director, added:
"Today's event provided members with a background and summary to the changes to previous statements of Serious Fraud Office (SFO) policy, and emphasised the new, more aggressive stance being taken by the SFO. A key message arising from the briefing is the need for companies to take a proactive approach to implementing their anti-bribery policies and procedures. "