This is going to be amusing folks:
The Serious Fraud Office will pursue UK-listed, foreign companies if they engage in bribery despite their apparent exemption from the Bribery Act.
I can think, immediately, of one FTSE 100 company that is entirely screwed then. Entirely notorious in the industry they are…..
This is even more fun:
The guidance on the Act also appeared to soften the treatment of facilitation payments – bribes to facilitate routine Government action. The guidance recognises such payments are endemic in certain parts of the world and remain a long term problem.
Something of a gaping loophole really. For bribery to get a government or government officer to do what they wouldn\’t normally do is rarer than you might think. Not non-existent of course, but not the majority of bribery attempts, certainly.
Paying them to do what they\’re already supposed to do: issue the permit, grant the export licence, them charging the firm a rent really, that\’s what most of it is.
As to \”endemic in certain parts of the world\”. My own experience is that there are places (no names, no pack drill) where the very first question I would ask is \”who do I have to pay?\” and the second \” how much?\”. There are other places (the UK among them) where the idea of paying a bribe, doucer, sweetner, wouldn\’t even cross my mind and I\’d be outraged if it were ever even intimated that one might be welcomed.