ENFORCEMENT OF FOREIGN BRIBERY BANS SINKS, SAYS TI
October 12th, 2022
Enforcement action to tackle foreign bribery in compliance with the OECD Anti-Bribery Convention (1) declined from 2018 to 2021, according to Transparency International (TI), after reviewing 47 leading export economies. These were 43 convention signatories plus China, India, Hong Kong and Singapore. Out of these, just two, Switzerland and the United States are “active enforcers” investigating, prosecuting and punishing companies that bribe officials in foreign countries, claims its report ‘Exporting Corruption 2022’ (2). Moreover, two former active ...
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