{"id":11352,"date":"2018-09-09T17:30:22","date_gmt":"2018-09-09T21:30:22","guid":{"rendered":"https:\/\/www.mapsofworld.com\/answers\/?p=11352"},"modified":"2018-11-22T05:29:59","modified_gmt":"2018-11-22T09:29:59","slug":"anti-bribery-convention","status":"publish","type":"post","link":"https:\/\/www.mapsofworld.com\/answers\/government\/anti-bribery-convention\/","title":{"rendered":"What is the Anti-Bribery Convention?"},"content":{"rendered":"\n\n
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\n 5\/5 - (4 votes) <\/div>\n <\/div>\n

\"Number<\/a><\/span><\/p>\n

The \u2018Convention on Combating Bribery of Foreign Public Officials in International Business Transactions,<\/span><\/em>\u2019 is a convention of the \u2018Organization for Economic Co-operation and Development<\/span>,<\/em>\u2019 which aims at eradicating bribery of foreign public officials in international business transactions. It establishes legally binding standards to criminalize bribery and provides with related measures to bring this into effect.<\/p>\n

Dealing with the supply side of the act of bribery, it is the first and the only international anti-corruption instrument. The goal is to make a level playing field in the contemporary international\u00a0 business environment, while also expecting the adherents to commit to enforcing their foreign bribery laws and co-operate in combating foreign bribery.<\/p>\n

The principles for the foundations were created in 1989, with the establishment of an ad hoc committee for the comparative review of national legislations associated with the bribery cases of foreign public officials. This was followed by the adoption of the recommendations put forth by the \u2018Council on Bribery in International Business\u00a0 transactions<\/span>,<\/em>\u2019 in 1994. The convention was signed on 1997 and came into force in\u00a0 1999<\/span>.<\/strong> Inclusive of\u00a0 44 countries<\/span>\u00a0 today, it started with the\u00a0 36-member states of the OECD and added 8 non-OECD countries<\/span>\u00a0<\/strong> as signatories. All countries party to the convention ensure that their national parliaments approve and abide by the convention laws and legislate in accordance with its ratification and implementation. A revised edition was also adopted in 2009<\/strong>.<\/p>\n

The act of bribery is defined as the offering, giving, soliciting or receiving of any item of value as means of influencing the actions of an individual holding a public office or legal duty. A total of\u00a0443 individuals and 158 entities<\/span>\u00a0have been sanctioned in criminal proceedings for foreign bribery between the conception of the convention to 2016. Whereas a total of\u00a0121 individuals<\/span>\u00a0 have been sanctioned in the administration and civil proceedings for foreign bribery. These include cases of money laundering as well as false accounting.<\/p>\n

Marking the\u00a010th anniversary<\/span>\u00a0<\/strong>of the convention, recommendations for further combating bribery of foreign pubic officials was released, in\u00a02009<\/span><\/strong>.\u00a0<\/b>It strengthens the framework for adopting the best practices to make companies liable to foreign bribery, to avoid their misuse and escapism from\u00a0 detection, investigation and prosecution by using agents, intermediaries and foreign subsidiaries to bribe on their behalf. It also focuses on improving co-operation between the nations to share information on the evidence in the bribery cases and prosecutions. It aims at fostering protection to the whistleblowers and create effective channels to report the internal and external cases of foreign bribery.<\/p>\n

Roundtable Conference on 20 years of the \u2018Anti-Bribery Convention\u2019 (2017):<\/strong><\/p>\n

The OECD \u2018Working Group on Bribery<\/span>\u2018 (WGB),<\/strong> hosted the roundtable conference in Paris<\/strong> on 12th December 2017. This paved an opportunity for the governments, private sector, civil society, and the media to reflect on the 20 years of the OECD Anti-Bribery Convention. This was also followed up by the launch of the publication \u2018<\/em>The Detection of Foreign Bribery<\/em>\u2019<\/span>, on the occasion.<\/p>\n

Current Advances:<\/strong><\/p>\n