Many of the member countries to the Organization for Economic Co-operation and Development’s Anti-Bribery Convention are not doing enough to prevent bribery and corruption, according to a new report from anti-corruption watchdog Transparency International.
Forty-one signatory countries to the OECD’s Anti-Bribery Convention have pledged to make foreign bribery a crime and hold both individuals and companies culpable. Sixteen years after the entry into force of the convention, however, 22 OECD anti-bribery convention countries have “failed to investigate or prosecute any foreign bribery case during the last four years,” said Transparency International’s 11th annual progress report on the OECD agreements.
