With Anti-Bribery Deadline Nearing, Many U.K. Firms are Looking Closely at Liabilities

By Vanya Dragomanovich

Many large British companies are putting the final touches on their compliance efforts ahead of a Friday enforcement deadline of the country's broad, new anti-bribery law, say U.K. consultants. The measure, which was passed into law in April 2010, prohibits U.K.-based businesses from bribing foreign officials in order to win contractual work. In March, the U.K.'s Ministry of Justice said it would exempt certain non-British companies with a limited footprint in the country from the law after businesses complained that its requirements were overly severe. Anecdotally, many large companies have already done much of the legwork to comply with the...