Lack of resources could hinder Bribery Act
As the 2010 Bribery Act comes into force on the 1 July, anti-corruption watchdog Transparency International UK has warned that its enforcement could be undermined by a lack of resource.
The Bribery Act, passed in April 2010 with cross-party support, gives prosecutors a better legal framework to prosecute bribery.
The watchdog said the Act would also help to level the playing field for the vast majority of UK companies that want to conduct their business in a responsible manner. However, the budget of the Serious Fraud Office is being cut by 26% from £55m to £39m, with a further 25% cut expected.
Chandrashekhar Krishnan, executive director of Transparency International UK said:
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