6th May 2014

Anti-Bribery and Corruption Guidance 2014

UK anti-bribery legislation is the most comprehensive in the world, enhancing our reputation as one of the safest commercial environments in which to do business, so the British Bankers’ Association (BBA) is delighted to be publishing this updated guidance which we hope will act as an invaluable tool for helping our banking sector members navigate this complex area. The following document sets out the key issues for the UK industry to consider when it comes to meeting legal and regulatory requirements for preventing bribery and corruption.

It is vital that we continue to collaborate and share our experiences as legislation is tested in both a practical and legal sense. However, the BBA is also conscious that the anti-bribery responsibilities of banks do not end with the UK Bribery Act. Understanding regulatory expectations has also become of paramount importance. As an industry body, we remain committed to supporting members in their efforts to comply with both obligations.

The BBA recognises that in order to ensure the UK’s anti-bribery system is proportionate and effective, an on-going dialogue between the Government, regulators and the private sector will be essential. We will continue to proactively engage with the authorities on behalf of our members so that the views of the banking sector can inform future policymaking. I am grateful to the BBA Working Party on Anti-Bribery and Corruption, which has advised on the production of this updated document.

Read Justine Walkers ‘Helping banks tackle bribery and corruption‘  blog.