Spotlight on the UK
Bribe, Swindle or Steal
Alexandra Addison-Wrage of TRACE International
4.9 • 582 Ratings
🗓️ 23 April 2018
⏱️ 20 minutes
🧾️ Download transcript
Summary
Michelle de Kluyver of Addleshaw Goddard discusses the UK Bribery Act in a lively, informative interview.
Transcript
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| 0:00.0 | Welcome back to the podcast. I'm Alexandra Ragi, and I'm in London today talking about the UK |
| 0:13.5 | Bribery Act and the compliance landscape here with Michelle de Cluver. Michelle is a partner with |
| 0:18.8 | Adelshaw Goddard's corporate crime and investigations team. |
| 0:22.5 | She has extensive experience in complex cross-border crime investigations, including bribery, |
| 0:28.2 | money laundering, and fraud. Michelle has been a great supporter of Trace, traveling for our events |
| 0:33.2 | to locations as far-flung as Dubai and Manila, for which we're very grateful. |
| 0:38.8 | Michelle, thank you for joining me. |
| 0:40.3 | Thank you very much, Alexandra. |
| 0:45.2 | Most people listening will be generally familiar with the UK Bribary Act, |
| 0:50.7 | but perhaps you can summarize some of the highlights and especially the features that distinguish this law from similar laws in other countries. |
| 0:54.5 | I think there are probably three differences to highlight. |
| 0:59.2 | And certainly we saw this when the Bribery Act came into force, |
| 1:02.2 | that these were the three areas that international companies were really focusing on changing in their compliance programs. |
| 1:14.6 | Very importantly, in terms of what amounts to bribery, the UK Bribery Act does cover commercial bribery. So there are many jurisdictions |
| 1:21.4 | where bribery is really focused on bribery of public officials. The UK Bribery Act does include |
| 1:29.1 | bribery of foreign officials, but commercial bribery is also illegal. Can you just give |
| 1:35.9 | us an example of purely commercial bribery? Because this does distinguish the UK |
| 1:40.0 | Bribery Act from older laws like the USFCPA. Right. |
| 1:44.5 | So an example might be where a company is bidding for a contract and it in some way influences |
| 1:52.9 | the procurement process and obtains a valuable contract from a purely commercial counterparty. |
| 2:01.1 | There may be no public officials involved in the procurement side at all. |
| 2:06.3 | If we can just stay with that for a minute, what do you think is the public policy behind that? |
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