Reports that the UK Government is considering reviewing the Bribery Act’s approach to facilitation payments have been the subject of much controversy in the past few months. Beyond the geographical confines of the UK, the project should trigger a bigger discussion on the lack of harmonized standards on facilitation payments among OECD countries.
Entries in OECD Convention (24)
Claiming international anti-corruption related fines, losses and profits will increasingly become a live issue as countries seek to enforce their own domestic and international anti-corruption laws.
Miller & Chevalier's Homer Moyer and James Tillen are among the speakers at an upcoming full-day conference called ‘The International Fight Against Corruption: Are the OECD and UN Conventions Achieving their Objectives?’
Transparency International’s Annual Progress Report 2013: Assessing Country Enforcement of the OECD Anti-Bribery Convention
Transparency International (TI) released its ninth annual progress report on the enforcement of the OECD Anti-Bribery Convention Tuesday.
Dear FCPA Blog,
I am an Assistant Professor of Political Science at York University in Toronto, Canada. I follow the FCPA Blog, as I have been researching in the areas of transnational crime and corruption, and especially transnational bribery, for quite some time. (My PhD thesis (2005) was on compliance with the OECD Anti-Bribery Convention in the United States, Germany, France, and the United Kingdom.)
The ongoing saga of Brazilian anti-corruption reform has reached a glorious crescendo. On Thursday, President Dilma Rousseff exercised her line-item veto power (a power the U.S. president lacks) to selectively approve Brazil's Clean Company Act. As a result, this long-time party to the OECD Convention has adopted legislation that creates corporate liability for bribery, cooperation credit for voluntary disclosure, a potential penalty reduction for the existence of a compliance program, and a host of very serious penalties.
A key vote has occurred in the Brazilian legislature on its anti-corruption bill, the Clean Company Act. And anti-corruption advocates may deem it only a partial success.
The OECD Anti-Bribery Convention was signed in Paris in December 1997 and prohibited a specific form of active bribery: that of foreign public officials in international business transactions.