Financial Regulation International
Section 7 Bribery Act comes to life: The first DPA and prosecution
The Bribery Act 2010 has been in force for over four years. For much of that time, businesses waited for clarification of the s7 offence of failure to prevent bribery. In 2013, new legislation (in force from early 2014) allowed for deferred prosecution agreements (DPAs) with corporates that committed various offences, including the s7 offence. Finally, near the end of 2015, the first DPA was agreed. Hot on its heels came the first judgment on a full prosecution for breach of s7. In this article, Emma Radmore of Dentons reviews the offence, and looks at the distinctions between the two cases.