Bermuda:
Bribery Act Affects Individuals And Entities
22 August 2017
by
Appleby
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The potential consequences of being found guilty of an offence
under the soon-to-be-operational Bribery Act 2016 (Act) make it
imperative that both individuals and entities are aware of the
provisions of the legislation.
The Act, which becomes operational 1 September 2017, applies to
all Bermudians, Bermuda residents and entities incorporated or
registered in Bermuda. On conviction, individuals can face
imprisonment for a term of up to 15 years, or an unlimited fine, or
both. Commercial organisations can receive an unlimited fine.
The Act is largely based on the United Kingdom's Bribery Act
2010 and consolidates various existing anti-corruption laws into
one clear international standard for combatting bribery.
Read More
Fist published in the Royal Gazette August 2017
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.
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