Regulatory Compliance

Compliance to the UK Bribery Act 2010

The UK’s Bribery Act 2010 (the Act) which will come into force on 1 July 2011 represents a strengthening of the UK position on bribery and corruption and an important development in global anti-bribery legislation. But what exactly is considered to a bribe?

For example, most organisations send cards and give presents to their clients for Christmas. In some industries it us usual to give expensive Champaign or gadgets as a Christmas present. If somebody would give a smart phone to a client, would this be a bribe?  Where does bribe start? Is there any benchmark?
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