The UK’s Bribery Act: What It Means For Wealth Managers
Chris Hamblin, Editor, Offshore Red, London, 11 July 2013
A higher mental test
By stating that the commercial organisation that tries to bribe a foreign public official has to want a business advantage to accrue, Section 6(2) asks more of a jury than Sections 1 and 2 (subs 2 and 5) do, as these merely call for an intent to promote some improper activity which may not have any effect at all.
The ‘local law’ rule