Implications of the Anti-Corruption Legislation
Once enacted, the Criminal Justice (Corruption Offences) Bill will be 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.
If enacted in its current form, the legislation will render 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 will be 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 will also apply to certain international activities.
Our team is on hand to advise on how to respond to these new requirements in practice, and on how companies can place themselves in the best position ahead of the implementation of this new legislation.
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.