LR addresses UK’s anti-bribery act
LR updates its staff working in 260 offices worldwide about the implications of UK Bribery Act 2010 Specialist maritime e-learning company, Marlins, has provided 6,000 licences for its new Business Principles course to Lloyd's Register.The course will be used by LR to update its staff working in 260 offices worldwide about the implications of the newly implemented UK Bribery Act 2010.The Act, which came into force on 1st July this year, has been described as the toughest anti-corruption legislation in the world, demonstrating that it has significantly more impact than the US Foreign Corrupt Practices Act.It repeals all previous UK laws relating to bribery, replacing them with individual crimes of: promising or offering a bribe; requesting or accepting a bribe; and bribery of foreign public officials.Furthermore, the Act also includes an offence that applies specifically to companies: the failure of a commercial organisation to prevent bribery on its behalf. For the purposes of the Act, this means any person who performs services for or on behalf of the company - quite simply, any employees, agents, or subsidiaries.Another key element of the Act is that, while only a part of UK law, it has international reach, allowing for the prosecution of ...
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