OECD Anti-Bribery Convention
Definition
The 1997 OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions, requiring its 44 signatories to criminalise active bribery of foreign public officials and monitored through peer review by the OECD Working Group on Bribery.
Related terms
- Adequate procedures
- The defence to the Section 7 corporate offence under the UK Bribery Act. A commercial organisation must show it had in place...
- Deferred Prosecution Agreement (DPA)
- An agreement between a prosecutor and a company in which criminal charges are filed but prosecution is deferred in exchange for cooperation,...
- Facilitation payment
- A small payment to a government official to expedite a routine official action. The FCPA exempts such payments; the UK Bribery Act...
- Foreign Corrupt Practices Act (FCPA)
- A 1977 US statute with two main pillars: anti-bribery provisions prohibiting corrupt payments to foreign government officials to obtain or retain business,...
- UK Bribery Act 2010
- A UK statute creating four offences: paying a bribe, receiving a bribe, bribing a foreign public official, and the corporate offence of...
Explained in
- Bribery and Corruption: FCPA and UK Bribery ActThe 1997 OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions, requiring its 44 signatories to criminalise a...