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Categories:
Comment & Analysis
Is bribery & corruption being overlooked by UK authorities as alleged by a new report?
KEY POINTS
- A Fraud Advisory Panel report suggests that corruption in the UK is being overlooked.
- A positive review of the government’s anti-corruption strategy but more needs to be done.
- Fraud and complex economic crimes often cross borders.
- The UK has created corporate offences with extraterritorial effect.
- Tax advisers must ensure they have procedures to ensure that they their employees and relevant third parties are legally compliant.
A new report Hidden in plain sight: domestic corruption fraud and the integrity deficit (tinyurl.com/y3atjhoj) claims that corruption in the UK is being overlooked. According to the Fraud Advisory Panel (FAP) plenty of attention is being given to corruption and bribery that is being carried out abroad but the issue of tackling domestic bribery is not being given the time and resources it deserves.
In its report the FAP says that it would be an understatement to say that...
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