14. Bribery and Money Laundering
14. Bribery and Money Laundering
- Jeremy HorderJeremy HorderProfessor of Criminal Law, London School of Economics and Political Science
Abstract
This chapter provides a guide to the offences of bribery under the Bribery Act 2010, and to criminal offences of money laundering contrary to the Proceeds of Crime Act 2002. The chapter is focused on corporate activity in relation to these crimes, and builds on the analysis provided in Chapter 11. There is no doubting the financial significance of these crimes. The European Union Parliament has estimated that corruption costs the EU between €179 and €990 billion each year. The Home Office estimates that the impact of money laundering on the UK economy is likely to exceed £90 billion.
