Overseas Commission Payments

United Kingdom
Part 12 of the Anti-Terrorism Crime and Security Act comes in to force on Thursday, 14 February 2002. Its effect is to extend the existing Prevention of Corruption Acts to payments made to overseas agents and foreign public officials by UK companies and nationals. The English criminal courts will now have jurisdiction over UK companies and UK nationals who make a corrupt payment overseas.

Companies conducting international business should review their internal policies to ensure that they comply with the provisions of Part 12 of the Act.