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NGOs to OECD: global standards needed for foreign bribery settlements

Jaclyn Jaeger | March 16, 2016

A group of non-governmental organizations this week wrote a letter to the OECD Working Group on Bribery urging them to develop global standards for corporate settlements based on best practice. The issue was further discussed at the OECD Anti-Bribery Ministerial meeting in Paris today.

In its letter dated March 10, four NGOs—Corruption Watch, Global Witness, Transparency International, and the UNCAC Coalition—asked the OECD Working Group on Bribery to address “urgently” whether the use of settlements has sufficient deterrent effect.

“This is particularly important in light of fact that several parties, including Australia, Canada, and Ireland are looking closely at introducing settlements...

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