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The UK Bribery Act, “FCPA on steroids”

After heated discussions, delays and even a false start, the UK Bribery Act 2010 has finally taken effect this summer. The Bribery Act intends to respond to threats to sustained economic progress in developing and emerging economies and to enforce the proper operation of free markets. The Serious Fraud Office (SFO) – part of the British Ministry of Justice is responsible for enforcing the Bribery Act against foreign corrupt payments