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OECD Has ‘Grave Concerns’ with Argentina’s Anti-Bribery Efforts

Joe Mont | December 18, 2014

Government officials in Argentina may say they take corruption seriously, but a report released on Thursday by the Organisation for Economic Co-operation and Development’s Working Group on Bribery says its investigators “doubt Argentina’s commitment to fight foreign bribery.”

Argentina has no law to punish companies for foreign bribery or prosecute individuals who commit the crime abroad. Widespread delays continue to plague complex economic crime investigations, the report says, adding that executive contact with judges and prosecutors threatens their independence. “Urgent action is needed,” it concludes.

The Working Group on Bribery is comprised of the 34 OECD member countries, plus Argentina, Brazil, Bulgaria, Colombia, Latvia, Russia, and South Africa. The ...

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