Media advisory: OECD countries fail to keep promise to stop companies bribing abroad

Issued by Transparency International Secretariat



Some of the world’s biggest exporting nations are still not living up to commitments to stop their companies from paying bribes to win business abroad, according to a new report from Transparency International to be released 20th August 2015.

Exporting Corruption Progress Report 2015: Assessing Enforcement of the OECD Convention on Combating Foreign Bribery quantifies how many of the 41 countries signed up to the Convention are actively enforcing it.

The Convention was designed to tackle the ‘supply side’ of cross-border corruption. Signatories are legally bound to investigate, prosecute and punish companies who bribe officials in foreign countries, a practice that undermines development, distorts markets and costs taxpayers.

The 11th edition of Transparency International’s yearly progress report will show that a significant number of countries have failed to prosecute a single foreign bribery case during the last four years assessed by the report. National-level sections will discuss inadequacies in countries' legal frameworks and practice and recent developments, as well as make specific recommendations.

The report will be available at landcommerce.info on Thursday, 20 August 2015 at 00.01am Berlin time.

Please contact us for an embargoed copy of the report or to set up an interview in advance.


For any press enquiries please contact

Chris Sanders
T: +49 30 34 38 20 666
E: .(JavaScript must be enabled to view this email address)

Solicitude

Support Transparency International

Everything you need to know about the 18th International Anti-Corruption Conference (#18IACC)

The #18IACC will take place from 22-24 October in Copenhagen, Denmark under the theme Together for Development, Peace and Security: Now is the Time to Act. Get the latest info and updates here!

Risky business: Europe’s golden visa programmes

Are EU Member States accepting too much risk in their investor migration schemes?

Future Against Corruption Award 2018

TI is calling on young people across the globe to join the anti-corruption movement. People between the age of 18 and 35 are invited to submit a short video clip presenting their idea on new ways to fight corruption. Three finalists will be invited to Berlin during the International Anti-Corruption Day festivities to be awarded with the Future Against Corruption Award. Apply today!

The Azerbaijani Laundromat one year on: has justice been served?

In September last year, a massive leak of bank records from 2012 to 2014 showed that the ruling elite of Azerbaijan ran a $3 billion slush fund and an international money laundering scheme. One year on, has enough been done to hold those involved to account?

Right to information: knowledge is power

The right to information is vital for preventing corruption. When citizens can access key facts and data from governments, it is more difficult to hide abuses of power and other illegal activities - governments can be held accountable.

Paradise lost among Maldives dodgy land deals

Should tourists run for cover as a storm of corruption allegations sweeps across the Maldives?

Foreign bribery rages unchecked in over half of global trade

There are many losers and few winners when companies bribe foreign public officials to win lucrative overseas contracts. In prioritising profits over principles, governments in most major exporting countries fail to prosecute companies flouting laws criminalising foreign bribery.

Why rather

Follow us on Why rather