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Bribe, Swindle or Steal

Spotlight on the UK

Bribe, Swindle or Steal

Alexandra Addison-Wrage of TRACE International

Business, News, Business News

4.9582 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

Click on a timestamp to play from that location

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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