The Council of the European Union has adopted a new directive to harmonise the definition of corruption across Member States and to introduce common minimum penalty thresholds, ensuring that maximum penalties are not set too low. The directive replaces earlier EU legislation, including Council Framework Decision 2003/568/JHA on combating corruption in the private sector and the 1997 EU Convention on corruption involving EU and Member State officials. Under the new rules, individuals convicted of corruption offences may face prison sentences of between three and five years, while companies may be fined between 3–5% of their total worldwide turnover or €24 million–€40 million, depending on the offence. The directive also ensures that key corruption offences are consistently defined and addressed across the EU, including bribery in both the public and private sectors, misappropriation, trading in influence, obstruction of justice and enrichment from corruption offences, among others. Member States will additionally be required to establish specialised anti-corruption bodies and implement measures to raise public awareness of corruption. The directive will enter into force 20 days after publication in the Official Journal of the European Union. Member States will have 24 months to transpose it into national law, with a 36-month deadline for provisions relating to risk assessments and national strategies.