Financial Crime World

Ireland Cracks Down on Corruption with Tough New Laws

Strengthening Anti-Corruption Efforts

In a significant move to combat corruption, Ireland has ratified several international conventions aimed at combating bribery and corruption. The country’s anti-corruption laws have also been strengthened with the introduction of new offenses and penalties.

The Corruption Act 2018

The Corruption Act, which came into effect in 2018, defines various forms of corruption and outlines specific offenses and penalties for those found guilty. This act applies to both public and private sector entities, making it a comprehensive tool in the fight against corruption.

What is Bribery?

Under the act, bribery is defined as:

  • The offer, giving, receiving, or soliciting of any gift, consideration, or advantage as an inducement to do something or to reward someone for doing something.
  • Active and passive trading in influence, where individuals seek to corruptly influence public officials or others to act in a certain way.

Additional Offenses

The act also criminalizes:

  • The creation or use of false documents
  • Intimidation
  • Failure to prevent bribery by companies

Companies can be held liable for failing to prevent their employees or agents from engaging in corrupt activities if they did not take all reasonable steps to prevent such behavior.

Penalties for Individuals

Individuals found guilty of corruption offenses can face penalties including:

  • Fines of up to €5,000 and imprisonment for up to 12 months on summary conviction
  • Unlimited fines and imprisonment for up to ten years on indictment

Additionally, courts may also order individuals to:

  • Forfeit their office or position
  • Prohibit them from holding a particular office for up to ten years
  • Confiscate property obtained through corrupt means

Associated Persons

The act also applies to associated persons such as spouses and agents, making it clear that those who facilitate or benefit from corrupt activities can be held accountable.

International Recognition

Ireland’s anti-corruption efforts have been praised by international organizations and experts, who say the country’s comprehensive approach is a model for other nations. The new laws are expected to help strengthen Ireland’s reputation as a transparent and corruption-free nation.