By Claire West, Fresh Business Thinking
The UK Bribery Act 2010 became law in July 2011. It introduced anti-corruption laws including a new offence of “failure of a commercial organisation to prevent bribery”.
The Act is concerned with bribery. The government say that ‘very generally, this is defined as giving someone a financial or other advantage to encourage that person to perform their functions or activities improperly or to reward that person for having already done so’. Essentially ‘this could cover seeking to influence a decision-maker by giving some kind of extra benefit to that decision maker rather than by what can legitimately be offered as part of a tender process’.
BS 10500 is intended to aid organisations in proving to stakeholders that they have tough anti-bribery practices in place and that they are being applied effectively.
An anti-bribery management system (ABMS), based on BS 10500, will provide your organization with a framework for prohibiting, preventing, detecting, reporting and dealing with any bribery that does occur. It takes into account the requirements of the UK Bribery Act 2010 and internationally recognized good practice.
If your business could do with some help with regards to understanding the importance of preventing bribery, actionable tips as to how to eliminate the risk of bribery then the upcoming BSI Anti-bribery Management System (ABMS) Training Course is for you.
Remember, commercial organizations that fail to put in place “adequate procedures” to prevent bribery will be open to prosecution under the Act, so this one day training course really is worth its weight in gold. Click here to find out more.