OECD: COMBATING BRIBERY OF FOREIGN PUBLIC OFFICIALS IN INTERNATIONAL BUSINESS TRANSACTIONS – AMENDED RECOMMENDATION

On 25 November, a proposal of the OECD Working Group on Bribery in International Business Transactions had been accepted and a Recommendation dating from 2009 had been amended.  The Recommendation on combating bribery of foreign public officials in international business transactions is replaced.  The new version seeks to update and expand upon the 2009 Anti-Bribery Recommendation with a view to further supporting the full implementation of the Anti-Bribery Convention by reflecting recent trends and challenges in the foreign bribery field, to ensure that it remains relevant and effective.  New sections have been included on key topics that have emerged or significantly evolved in the anti-corruption area since 2009, in particular: 

  • Addressing the Demand Side of Foreign Bribery Cases;
  • Sanctions and Confiscation;
  • Non-Trial Resolutions;
  • International Co-operation;
  • Protection of Reporting Persons;
  • Incentives for Compliance; and
  • Data Protection.

The draft revised Recommendation also updates or broadens the scope of provisions on pre-existing topics, including enforcement as well as awareness raising, training and guidance.

https://legalinstruments.oecd.org/en/instruments/OECD-LEGAL-0378

 

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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