Almost every developed country has an anti-bribery and anti-corruption law. However, the UK Bribery Act is the strictest among the anti-bribery legislation internationally. Every UK company or partnership must be well-versed with this legislation because breaching this law can land a company in deep financial and legal trouble. After all, the act requires companies and partnerships to put in place measures to prevent bribery. When an allegation of bribery has been made against a partnership or company, the burden of proof lies with the entity according to the law. For instance, the management of a company will have to show that there are systems or checks and balances in place to prevent bribery.
Charges can be brought against firms that have paid or received bribes either at home or on foreign soil with the aim of getting new business or retaining existing business.
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