Sim-O

Telegraph:

Companies should take special precautions when dealing in Britain because they face a substantial risk of becoming entangled in corruption, the group [OECD] will say.

The body’s conclusions follow a strongly-worded letter it sent to the Government during the summer. It complained that Britain had failed repeatedly to update its anti-corruption laws, despite having pledged to do so for years. Britain has failed to take action over a single case of overseas bribery, the letter added.

The group is to warn that Britain’s Serious Fraud Office is also set to focus even less on its duty to tackle corruption overseas in favour of more regular commercial crime.