Close

Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.

×

Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

OECD Report: Foreign Bribery Enforcement on the Decline

Jaclyn Jaeger | December 2, 2014

The number of sanctions brought against companies and individuals for the bribery of foreign government officials appears to be on the decline, but that could be because these cases are taking much longer to resolve, according to a groundbreaking new report published today by the Organization for Economic Co-operation and Development.

The OECD Foreign Bribery Report presents an analysis of all foreign bribery enforcement actions that have been completed since the OECD Anti-Bribery Convention entered into force in 1999. It further details how bribes are paid, where they are paid, and to whom, as well as who is being sanctioned for bribery.

According to the report, a total of 42 foreign bribery cases concluded last year, compared to 43 in 2012. Those numbers are significantly lower than the record 78 foreign bribery cases resolved in 2011, and 68 cases resolved in 2010.

The...

Buy this article for $49, or subscribe to Compliance Week for a month at $149 and get unlimited article access for 30 days.