Commission payments to overseas agents
This bill which is expected to become law within a
matter of weeks will make it a criminal offence for a UK company to
make a corrupt payment to a foreign public official or to an agent
of an overseas principal. Therefore the practice of paying
commission payments to intermediaries to procure contracts in
various parts of the world will expose UK companies to possible
prosecution in the English courts.
An overseas subsidiary of a UK company is not
subject to the legislation. However, a UK company directing an
overseas subsidiary to make a payment might well attract criminal
liability for procuring an offence.