In a recent speech, David Green, the Director of the Serious Fraud Office (SFO) stated that the agency would adopt a "sweep" approach, focusing on specific industries, to identify businesses which might be breaking the law. The SFO has made it clear that its anti-bribery investigations are focused on the construction and energy industries. Most international energy companies have been preparing to deal with bribery risk due to lengthy exposure to the Foreign Corrupt Practices Act. However, the construction sector is seemingly under-prepared for the risks this new approach will bring, and needs to take action quickly.
Click here to read the issued Client Alert.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.