Anti-bribery and corruption

UK Finance, together with the industry, has taken major steps to fight against this type of organised crime, aiming to mitigate developments at source through the production of industry guidance and the coordination of technical input into domestic and international consultations such as the House of Lord UK Bribery Act inquiry and the OECD's decennial Anti-Bribery Recommendation review. 

We supply advice on anti-bribery and corruption good practice specifically for the banking and financial sector. We also provide members with the ability to benchmark their anti-bribery controls, as well as threat assessments, regulatory horizon scanning and advocacy, with key stakeholders such as the Home Office's Joint-Anti Corruption Unit (JACU) and the National Crime Agency (NCA). We lead on compliance with specific anti-bribery and corruption legislative requirements (e.g  UK Bribery Act, Foreign Corrupt Practice Act, SAPIN II), regulatory expectations, and engagement with key international bodies including the OECD Working Group on Bribery.  

Benchmarking work addresses recent supervisory queries as well as topical litigation and contentious regulatory matters, such as hiring practices, market intermediaries, Overseas Associated Persons, corporate hospitality, sponsorships and charitable donations. We also support closer linkages between anti-bribery and corruption risk assessment and AML financial intelligence, working through the Joint Money Laundering Intelligence Taskforce (JMLIT) and other public-private partnerships.