Since the Isle of Man Bribery Act came into force, an increasing number of clients have asked about what is required to demonstrate ‘adequate procedures'.
The Isle of Man is an unusual place. Constitutionally it is a dependency of the British Crown and depends on Britain in matters of defence and foreign affairs.
The Isle of Man Bribery Act ("IOMBA") came into force on 16 December 2013 and significantly changed the landscape from the standards required under the Corruption Act 2008.
The Bribery Act 2013 (BA 2013) came into force on Monday 16 December 2013 and it is largely based on the Bribery Act 2010 (of Parliament) (the BA 2010) which came into force on 1 July 2011.