Dear Wikiwand AI, let's keep it short by simply answering these key questions:
Can you list the top facts and stats about Bribery Act 2010?
Summarize this article for a 10 years old
The Bribery Act 2010 (c.23) is an Act of the Parliament of the United Kingdom that covers the criminal law relating to bribery. Introduced to Parliament in the Queen's Speech in 2009 after several decades of reports and draft bills, the Act received the Royal Assent on 8 April 2010 following cross-party support. Initially scheduled to enter into force in April 2010, this was changed to 1 July 2011. The Act repeals all previous statutory and common law provisions in relation to bribery, instead replacing them with the crimes of bribery, being bribed, the bribery of foreign public officials, and the failure of a commercial organisation to prevent bribery on its behalf.
|Act of Parliament|
|Long title||An Act to make provision about offences relating to bribery; and for connected purposes|
|Citation||2010 c. 23|
|Introduced by||Jack Straw, Secretary of State for Justice (Commons)|
Lord Bach, Parliamentary Under-Secretary of State for Justice (Lords)
|Territorial extent||England and Wales, Scotland and Northern Ireland|
|Royal assent||8 April 2010|
|Commencement||1 July 2011|
Status: Current legislation
|Text of statute as originally enacted|
|Text of the Bribery Act 2010 as in force today (including any amendments) within the United Kingdom, from legislation.gov.uk.|
The penalties for committing a crime under the Act are a maximum of 10 years' imprisonment, along with an unlimited fine, and the potential for the confiscation of property under the Proceeds of Crime Act 2002, as well as the disqualification of directors under the Company Directors Disqualification Act 1986. The Act has a near-universal jurisdiction, allowing for the prosecution of an individual or company with links to the United Kingdom, regardless of where the crime occurred. It has been described as "the toughest anti-corruption legislation in the world".