Business & the UK Bribery Act

January 30, 2013 |  by  |  Linkedin Blog

You are given 5 tickets for a one month all expences paid family vacation in a luxury 7 star hotel in Dubai.

You are also given £25,000 cash spending money to help you really enjoy your vacation.

All you have to do is provide your professional business services to a client recommended by a freelance business growth specialist.

MoneyAre you packing your beach towels and reaching for your suitcases?

Hold the sun tan lotion! What you don’t know, and might never ever know, is that the client is in-directly linked to the Russian Mafia.

I provide a lot of independent Linkedin business support consultancy via elinked to business owners looking to expand and grow their business by tapping into the power of business social media.

Irrespective of whether some clients just want to focus on regional business growth, the very existence of Linkedin the world’s most powerful online business networking organisation dictates that overseas business is going to find you.

Although most people would be grateful for any new business, trading with new customers and clients from overseas destinations presents multiple security issues that all business owners should be aware of.

Mainly due to language and cultural issues, three of the most prolific security problems I consult with clients relate to issues of Money Laundering, Financial & Fraudulent Scams & the Bribery Act.

This article addresses the Bribery Act as laid out for residents of the United Kingdom, but it’s a useful security read for any global business owner.

The Bribery Act?

Is a UK statute. Unlike some other anti-corruption laws, this UK law contains criminal offenses that apply to commercial bribery as well as to bribery involving public officials. Here is a summary of some key aspects of the offenses:

The UK law makes it a crime to offer or pay bribes to any person in the public or private-sector. An offense can arise where someone offers any financial or other advantage with the intention that a person will perform their functions or an activity improperly (or, in other words, misuse their position) or as a reward for a person for doing so.

Similarly, it is a crime to request or accept bribes. An offense can arise where someone requests any financial or other advantage with the intention that they will perform their functions or an activity improperly.

These offenses can also be committed where the offer or request of a financial or other advantage is in itself improper (in other words, without anyone performing anything else improperly as a consequence).

There is also a separate offense of bribing a foreign public official, where a financial or other advantage is offered with the intention of influencing the official and of obtaining or retaining a business advantage.

What does this mean for me?

You must adhere strictly to all applicable anti-corruption laws and the Bribery Act.

You must not give, or promise to give, money, anything of value or any other advantage to anyone in connection with your business related activities.

You may not request or receive money, anything of value or any other advantage in connection with your business related activities.

As a security director who has personally worked in 44 countries, I can tell you that the basic premise of bribery has its roots in greed. In much the same way as most of the Nigerian related fraudulent scams.

It’s very easy to be drawn into a false sense of security when interacting with global business owners on social media platforms like www.linkedin.com so try to use common sense. And always follow your gut reaction, because guess what?

If it walks like a duck and it quacks like a duck, then it’s usually a duck. So drill down past the greed until you hit common logic.

Greed gets most people, and its allure to struggling business owners is magnetic. And if you think you would never fall foul of the Bribery Act, or one of the financial scams, then think again.

Because through www.securityexpert.biz I’ve provided my security expertise to some of the most intelligent global business executives I’ve ever met, who were suckered in by bribery, scams and money laundering greed.

Dr. Mark D. Yates

Dr. Mark D. Yates is a global #1 LinkedIn consultancy business growth specialist, LinkedIn speaker, LinkedIn Sign & LinkedIn training instructor & CEO of Link Business Marketing Ltd. If you need to hire a LinkedIn expert to help you gain profitable business growth, contact him. Tel: UK 0203 390 2013 Email: drmarkdyates@aol.com, connect with him on LinkedIn & Twitter You can view & download his dynamic independent LinkedIn training program at: linkedinswat.co.uk.

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