The UK Government must strengthen its anti-bribery effort by ensuring that the Serious Fraud Office (SFO) has adequate resources to investigate and prosecute bribery, warns anti-corruption group Transparency International UK.
6 September 2012 - In a new report published today, Exporting Corruption, Transparency International reveals that although UK bribery cases increased over the past year, cutbacks to the SFO could see a decline in future UK enforcement. The Government has cut more than a third of the SFO’s budget in the last four years, hampering the prosecutor’s ability to tackle complex and damaging bribery cases.
“If the Government is serious about fighting corruption, it should not be cutting resources for enforcing the legislation designed to do just that.” said Chandu Krishnan, Executive Director of Transparency International UK. “We must ensure that the SFO is not outgunned by those it should be prosecuting, who incidentally can usually afford the best legal advice available. The SFO should never be in a position where it is unable to investigate and prosecute cases due to a lack of resources.”
Governments across the world must do much more to encourage clean resources-resources-business and punish corporate crime, according to the TI Report. It shows that 18 out of 37 countries have not yet brought any criminal charges for major cross-border corruption by companies, while only 7 countries, including the UK, are actively enforcing anti-bribery law.