OECD Anti-Bribery Convention

From Wikipedia, the free encyclopedia

The OECD Anti-Bribery Convention (officially OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions) is a convention of the OECD aimed at reducing corruption in developing countries by sanctioning bribery in international business transactions carried out by companies based in the Convention member countries. Its goal is to create a truly level playing field in today's international business environment.

The convention came into effect in February 1999. Countries that have signed the Convention are required to put in place legislation that criminalises the act of bribing a foreign public official.

The OECD has no authority to implement the convention, but instead monitors implementation by participating countries. Countries are responsible for implementing laws and regulations that conform to the convention and therefore provide for enforcement. The OECD performs it's monitoring function in a two-phased examination process. Phase I consists of a review of legislation implementing the conventions in the member country with the goal of evaluating the adequacy of the laws. Phase 2 assesses the effectiveness with which the legislation is applied.

As of September, 2006 thirty-six countries have ratified the convention:

  1. Flag of Argentina Argentina
  2. Flag of Australia Australia
  3. Flag of Austria Austria
  4. Flag of Belgium Belgium
  5. Flag of Brazil Brazil
  6. Flag of Bulgaria Bulgaria
  7. Flag of Canada Canada
  8. Flag of Chile Chile
  9. Flag of Czech Republic Czech Republic
  10. Flag of Denmark Denmark
  11. Flag of Estonia Estonia
  12. Flag of Finland Finland
  13. Flag of France France
  14. Flag of Germany Germany
  15. Flag of Greece Greece
  16. Flag of Hungary Hungary
  17. Flag of Iceland Iceland
  18. Flag of Republic of Ireland Ireland
  19. Flag of Italy Italy
  20. Flag of Japan Japan
  21. Flag of South Korea South Korea
  22. Flag of Luxembourg Luxembourg
  23. Flag of Mexico Mexico
  24. Flag of Netherlands Netherlands
  25. Flag of New Zealand New Zealand
  26. Flag of Norway Norway
  27. Flag of Poland Poland
  28. Flag of Portugal Portugal
  29. Flag of Slovakia Slovakia
  30. Flag of Slovenia Slovenia
  31. Flag of Spain Spain
  32. Flag of Sweden Sweden
  33. Flag of Switzerland Switzerland
  34. Flag of Turkey Turkey
  35. Flag of United Kingdom United Kingdom
  36. Flag of United States United States

The Convention is open to accession by any country which is a member of the OECD or has become a full participant in the OECD Working Group on Bribery in International Business Transactions.


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