Regulations
Compliance Solutions for the UK Bribery Act
Benefit from a centralized, risk-based approach to compliance with Anti-bribery and Corruption Regulations, including the UK Bribery Act. Gain a thorough understanding of your overall anti-bribery and corruption risk posture and operate with the confidence that you have robust and effective procedures in place.
Why GAN Integrity
GAN Integrity is how compliance teams get the tools and expertise to stay ahead of ABAC risk. With less effort but more reach, you finally get a better way to do your good work.
See everything – Gain a comprehensive view of your anti-bribery and corruption risks in one centralized platform.
Adapt to anything – Utilize a dynamic solution that adapts to regulatory changes and evolves with your program.
Get all the help you need – Receive dedicated support from GAN Integrity’s team of experts.
Understanding the UK Bribery Act 2010
The United Kingdom Bribery Act of 2010 (“UK Bribery Act”), which came into force in July 2011, is the UK’s principal anti-corruption law. The Act criminalizes both the act of offering and receiving bribes by UK nationals or residents, applicable to actions both within the UK and internationally. It possesses extra-territorial reach, meaning that non-UK companies also fall under its jurisdiction if they conduct business within the UK or if any aspect of a bribery arrangement occurs within UK boundaries.
Under this Act, corporate entities, including companies and partnerships, can be held liable for failing to prevent bribery acts carried out on their behalf by an "associated person." This term "associated persons" is broadly defined to encompass employees, agents, subsidiaries, and any individuals who provide services for or represent the organization.
What Constitutes a Bribe Under the UK Bribery Act?
The Act defines bribery as offering, promising, giving, requesting, or accepting a financial or other advantage to induce or reward improper performance. This includes attempts to influence decision-makers in a business context with incentives outside acceptable business practices.
Key Offenses Under the Bribery Act:
- Offering a bribe
- Receiving a bribe
- Bribing a foreign public official
- Corporate failure to prevent bribery by associated persons
The Importance of Compliance With The UK Bribery Act
Adhering to the UK Bribery Act is not only a legal requirement but a fundamental aspect of ethical business practice. Non-compliance can expose companies and individuals to severe penalties, including up to ten years of imprisonment and unlimited fines. Robust anti-bribery policies and procedures enhance business integrity and reduce risk.
Implementing Adequate Procedures
The Act provides a defense of "adequate procedures," which, if followed, protect against prosecution for failing to prevent bribery. Companies should align their compliance programs with the Ministry of Justice's Six Principles:
GAN Integrity for UK Bribery Act Compliance
GAN Integrity supports these principles through a comprehensive anti-bribery management program, enhancing every aspect of compliance.
ABAC Program Management
Ensure your organization upholds ethical integrity and ABAC compliance through comprehensive risk assessments, effective policy management, and continuous monitoring. Capabilities include:
- Third-party due diligence: Mitigate bribery and corruption risks with integrated questionnaires, sanctions checks, and risk intelligence data.
- Disclosure management: Consolidate and assess conflicts of interest (COI), gifts, travel, entertainment, and political and charitable contribution disclosures.
- Reporting and documentation: Maintain a complete audit trail and detailed reporting to easily demonstrate compliance to stakeholders and regulators.
Third-Party Risk Management
Manage risks associated with third parties and assess these against relevant laws and organizational standards. Capabilities include:
- Lifecycle management: Automated workflows for onboarding, risk assessment, issue management, monitoring and off-boarding.
- Integrated due diligence: Initial and ongoing screening of third parties for sanctions, adverse media, forced labor, ESG and more.
- Reporting and analytics: Executive dashboards and reports: Consolidate third party data to identify risks and potential exposure to your organization
Disclosure Management
Consolidate your disclosures for conflicts of interest (COI), gifts, travel, entertainment, and political and charitable donations or contributions. Capabilities include:
- Policy management: Develop and enforce comprehensive disclosure policies. Educate and engage your workforce with targeted training and policy attestations.
- Flexible disclosure process: Simplify the submission of potential conflicts of interest with user-friendly forms, ensuring easy access for employees.
- Automated approvals and reviews: Enhance compliance with automated approval and review workflows. Quickly escalate notifications to relevant stakeholders to address potential risks.
Policy Management
Manage approvals, distribution, and attestation of policies, along with centralized portals for easy access to the latest policies and procedures. Capabilities include:
- Regulatory change management: Identify policies that require updates and timely distribution to employees in response to regulatory changes.
- Automated workflow: Optimize the review and approval process for policies, operating procedures, and work instructions with automated workflows.
- Comprehensive reporting and documentation: Maintain a full audit trail and generate detailed reports to provide clear evidence of compliance to stakeholders and regulators
Reporting and Documentation
See everything across your compliance program, and generate reports and dashboards to demonstrate compliance program effectiveness to stakeholders and evidence to regulators. Capabilities include:
- Reporting and analytics: Executive, role-based dashboards to review the effectiveness of your compliance program initiatives.
- Evidence-based compliance: Maintain an auditable trail of all activity with the platform’s integrated and automated audit log.
- Compliance insights: See risk trends and patterns within your program, including third-party and supply chain risk, policies and disclosures.