A news release from the OECD on 1st August said that it is concerned that Hungary has not commenced any foreign bribery investigations or prosecutions in over 9 years. This is despite the companies operating in the country having significant exposure to export-related risks of the bribery of foreign public officials. This includes foreign subsidiaries of multinational enterprises (MNE) that use Hungary as a manufacturing base and re-export goods to other markets. To avoid Hungary becoming a safe harbour for MNE with subsidiaries in Hungary that commit bribery abroad, the authorities must overcome their reluctance to enforce relevant criminal legal provisions and assign responsibility to detect and investigate such bribery. This followed an evaluation of the country’s implementation of the OECD Anti-Bribery Convention.
The report is available at –
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