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UK Bribery Act has been described as “the toughest anti-corruption legislation in the world”, raising the bar above the standard set by the United States Foreign Corrupt Practices Act.
In order to be free from the UK Bribery Act investigation, South Korean companies which wish to continue its business with some relations with United Kingdom must take measures to prevent corruptive business practice as soon as possible. it is unfortunate that South Korean companies have not demonstrated a corruption free business practices because either sanctions are low-level or confiscation does not exist under Korean Anti-Bribery Law. Thus both knowing the Act in details and complying with it are an urgent matter. To ensure the compliance measures, Korean government must make it a legal obligation for companies to set up an internal department which handles the adequate procedures for bribery prevention in and outside the United Kingdom. Along with such a continuos monitoring system, pratical whistleblower protection program must be enforced.
Many countries including such as US, UK and Japan have the internal control system as regulations in the commercial law or corporative law to reduce the risk in business and prevent the corruption of companies. However, that’s not the case in Korea. Therefore, it should be considered that the internal control system is imposed as regulations of the commercial law in Korea.
In order to be free from the UK Bribery Act investigation, South Korean companies which wish to continue its business with some relations with United Kingdom must take measures to prevent corruptive business practice as soon as possible. it is unfortunate that South Korean companies have not demonstrated a corruption free business practices because either sanctions are low-level or confiscation does not exist under Korean Anti-Bribery Law. Thus both knowing the Act in details and complying with it are an urgent matter. To ensure the compliance measures, Korean government must make it a legal obligation for companies to set up an internal department which handles the adequate procedures for bribery prevention in and outside the United Kingdom. Along with such a continuos monitoring system, pratical whistleblower protection program must be enforced.
Many countries including such as US, UK and Japan have the internal control system as regulations in the commercial law or corporative law to reduce the risk in business and prevent the corruption of companies. However, that’s not the case in Korea. Therefore, it should be considered that the internal control system is imposed as regulations of the commercial law in Korea.
목차
Ⅰ. 시작하며
Ⅱ. Bribery Act 2010 성립과 주요 내용
Ⅲ. 제7조 적용을 위한 가이드라인
Ⅳ. 기소유예약정(Deferred Prosecution Agreement)
Ⅴ. 마치며
참고문헌
Abstract
참고문헌 (15)
참고문헌 신청
[학술지(정기간행물)] - Aaronberg, David / 2011 / The Bribery Act 2010: all bark and no bite…? / New Bridge Street Chambers 15
[학술지(정기간행물)] - Brigid Breslin / 2010 / The Bribery Act 2010:raising the bar above the US Foreign Corrupt Practices Act / Comp. Law. 31 (11)
[학술지(정기간행물)] - Pope / 2010 / The Bribery Act 2010 / Journal of International Banking Law and Regulation 25 (10)
[학술지(정기간행물)] - Richard Alexander / 2011 / ‘Bribery of a foreign public official’ may cover a wider range than you might think / Comp. Law. 32 (4)
[학술지(정기간행물)] - Saleem Sheikh / 2011 / The Bribery Act 2010: commercial organizations beware! / I.C.C.L.R 22 (1)
[학술지(정기간행물)] - Brigid Breslin / 2010 / The Bribery Act 2010:raising the bar above the US Foreign Corrupt Practices Act / Comp. Law. 31 (11)
[학술지(정기간행물)] - Pope / 2010 / The Bribery Act 2010 / Journal of International Banking Law and Regulation 25 (10)
[학술지(정기간행물)] - Richard Alexander / 2011 / ‘Bribery of a foreign public official’ may cover a wider range than you might think / Comp. Law. 32 (4)
[학술지(정기간행물)] - Saleem Sheikh / 2011 / The Bribery Act 2010: commercial organizations beware! / I.C.C.L.R 22 (1)
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UCI(KEPA) : I410-ECN-0101-2017-360-000845381