The countries of the OECD (Organisation for Economic Co-operation and Development) has signed the Convention on Combating Bribery of Foreign Public Officials in International Business Transactions, which focuses on combating the bribery of foreign officials.
The Convention was signed by 38 countries in order to fight corruption ‘in their backyards’. The Convention focuses primarily on bribery attempts during large international transactions.
Transparency International keeps track on the realization of the Convention, and reports on its progress every year
TI: Authorities Should Crack Down on Corruption
Many developed countries in the world take little or no steps at all against companies that engage in international bribery when investing and doing business abroad, according to a new global survey published by Transparency International (TI) in Berlin. The situation is even worse in Hungary, as local authorities not only fail to crack down…
Biggest Exporter Countries Still Turn a Blind Eye to Bribery
Big exporter countries face greater challenges if they want to avoid that their enterprises resort to bribery in order to gain access to the market and to public orders in foreign investments, says Transparency International’s progress report Assessing Enforcement of the OECD Convention on Combating Foreign Bribery. The Convention was ratified in 1997 by 40…
OECD Progress Report 2010
Efforts to curb foreign bribery remain inadequate – New report shows the need to improve enforcement The number of countries enforcing a ban on foreign bribery has shown continuous progress in the last six years, with countries representing more than half of world exports taking action, according to a new report by Transparency International (TI).…
