Isle of Man businesses given bribery guidance

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Firms in the Isle of Man will be given government guidance to help them "understand their responsibilities" under the Bribery Act 2013.

The laws, which mirror those introduced in the UK in 2011, are being brought in this year to help "combat corruption".

A spokesman said guidance material will be published online to help local business adhere to the new regulations.

Bribery Act

  • The Act creates offences of bribing another person and of being bribed, and creates a separate offence of bribing a foreign public official.
  • There is a new offence of commercial organisations failing to prevent bribery by persons associated with them.
  • The Act also makes provision for prosecution in the United Kingdom of acts of bribery committed abroad by those with a close UK connection.

Home Affairs minister Juan Watterson said: "Addressing bribery is obviously good for business."

The laws, according to the government will also help to support fair trade and international development.

The new act creates offences of offering or receiving bribes, and a tough new offence of "failing to prevent bribery".

The guidance document is available on the Isle of Man government's website.

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