AAT is a registered charity. No. 1050724.

The Bribery Act- one year on--Anti-Money Laundering- the role of ongoing monitoring in managing your client relationships

AAT is a registered charity. No. 1050724.

•Overview of the Bribery Act 2010 and what has happened since its enactment

•Focus on the importance of ongoing monitoring of your clients after signing a letter of engagement.

Objectives

AAT is a registered charity. No. 1050724.

BRIBERY ACT 2010

AAT is a registered charity. No. 1050724.

Why was the Bribery Act brought in?

?

AAT is a registered charity. No. 1050724.

Why was the Bribery Act brought in?

“Bribery blights lives. Its immediate victims include firms that lose out unfairly. The wider victims are government and society,

undermined by a weakened rule of law and damaged social and economic development. At stake is the principle of free and fair competition, which stands diminished by each bribe offered or

accepted.”

MoJ Guidance on the Bribery Act 2010

AAT is a registered charity. No. 1050724.

Why was the Bribery Act brought in?

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What does the Bribery Act say?

• Four key offences

• A general offence targeting the payer of a bribe.

• A general offence targeting the recipient of a bribe.

• A specific offence prohibiting the bribery of foreign public officials.

• A corporate offence of failing to prevent bribery.

AAT is a registered charity. No. 1050724.

How can you bribe?

Transparency International

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Successes…

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Other cases to consider…

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Challenges

• Achievement of objectives?

• Where are the other cases?

• Terminology

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Impact

• Perception of business on impact

• Thinking outside the box

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Future

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Safeguarding yourself from bribery

• Member in business

• Member in practice

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Any questions?

AAT is a registered charity. No. 1050724.

Anti-Money Laundering- the role of ongoing monitoring in managing your client relationships