Homer Moyer Quoted in Inside U.S. Trade Regarding U.K. Bribery Act

"Adhering To UK Bribery Act Not A Significant Hurdle For Most U.S. Firms"
Inside U.S. Trade
04.25.11Homer Moyer discusses the new U.K. Bribery Act and its relation to the FCPA. In an analysis of the U.K. law released on April 12, Moyer held the view that the "differences between the FCPA and the Bribery Act are unlikely to require wholesale revisions to strong anti-corruption compliance programs already in place." At the same time, he said that the differences between the laws would be of interest to "any corporation that is potentially subject to both laws." In his analysis, Moyer explained that the U.K.'s Serious Fraud Office (SFO), which will enforce the act, has sent mixed signals on the breadth of the law's jurisdiction. Moyer said SFO Director Richard Alderman has made public statements that companies should exercise caution over the "technical interpretations" of the act's jurisdictional provision and noted that if a company is listed on the LSE, it "is likely to be 'carrying on business'" in the U.K.
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