ARTICLE
22 August 2017

Bribery Act Affects Individuals And Entities

A
Appleby

Contributor

Appleby is one of the world’s leading offshore law firms, operating in 10 highly regarded and well-regulated locations. We provide comprehensive, expert advice and services across a number of key practice areas. We work with our clients to achieve practical solutions whether from a single location or across multiple jurisdictions.
The potential consequences of being found guilty of an offence under the soon-to-be-operational Bribery Act 2016 make it imperative that both individuals and entities are aware of the provisions of the legislation.
Bermuda Criminal Law

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.

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Fist published in the Royal Gazette August 2017

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