Implications of the Anti-Corruption Legislation
The Criminal Justice (Corruption Offences) Act 2018 is an important development with significant ramifications for businesses in Ireland. One of the most important aspects of the legislation is the introduction of a new corporate corruption offence.
The legislation renders a company liable for prosecution where any of its officers, managers, employees, agents or subsidiaries are found to be involved in corruption. The only defence is for the company to show that it took all reasonable steps and exercised all due diligence to prevent such corruption from taking place. The legislation also applies to certain international activities.
Our team is on hand to guide you through the legislation and to advise on how to respond to these new requirements in practice.
Anti-Corruption Legislation: What do businesses need to know?
Kenan Furlong, Partner, outlines how businesses should prepare for the new corporate offences in the upcoming legislation.