Although the UAE has had anti-bribery legislation in place since the late 1980s in the form of the UAE Federal Penal Code (the “Code”), the UAE business community has, to a large extent, been unaware of its existence and how its provisions could impact their business operations locally.
As a consequence of the global economic crisis, there has been a marked rise in prosecution of individuals suspected of corrupt practices, as UAE authorities seek to enforce this law in order to curb such practices. These cases have highlighted the importance of being aware of the provisions of the Code and its implication for businesses in the UAE.
Join LexisNexis Middle East and Afridi & Angell for an online training session where our expert will fill you in on:
The UAE’s Anti-Corruption and Anti-Bribery Legal Framework
Common Compliance Pitfalls for Companies
Best practice tips to avoid compliance risks
Insights into the GCC’s Anti-Corruption Approach
Impact of COVID-19 on Corruption