‘Draconian’ anti-corruption law puts buyers in danger
3 April 2012
UK purchasers asked to pay sweeteners abroad could face up to seven years in jail under new anti-terrorism legislation aimed at wiping out corruption.
Little-noticed measures in the Anti-terrorism Crime and Security Act 2001, which came into force this month, outlaws payment of all bribes, including so-called “facilitation payments” intended to speed up deals.
But the measures, in which the government has extended UK law combating bribery and corruption to cover overseas business dealings for the first time,...