Question to the Department for International Trade:

To ask the Secretary of State for International Trade, whether it is the policy of UK Export Finance (UKEF) to take against a company if it discovers that a company it has insured has breached its anti-corruption warranty in cases where there has been no loss to UKEF.

UKEF’s policy is that at the time it makes its support available, it takes recourse rights against exporters, which can be invoked, where bribery or corruption is subsequently admitted by the exporter, or found by a court. After UKEF has provided support for a transaction, if it comes to its attention that bribery or corruption has been admitted or found by a court in relation to that transaction, its policy is to invoke this recourse where it has incurred any loss or expense. Where UKEF has issued an insurance policy, UKEF may cancel the cover where bribery or corruption is admitted or found by a court.