What is the goal of the OECD Anti-Bribery Convention?
The OECD Anti-Bribery Convention establishes legally binding standards to criminalise bribery of foreign public officials in international business transactions and provides for a host of related measures that make this effective.
When a country’s antibribery laws are based on the OECD Anti-Bribery Convention who do the laws apply to?
The OECD Anti-Bribery Convention (officially Convention on Combating Bribery of Foreign Public Officials in International Business Transactions) is an anti-corruption convention of the OECD that requires signatory countries to criminalize bribery of foreign public officials.
How many nations signed onto the OECD Anti-Bribery Convention?
The OECD Convention came into force on February 15, 1999, following Canada’s ratification. To date, 44 states have ratified the OECD Convention, including the 36 member states of the OECD and eight non-member states: Argentina, Brazil, Bulgaria, Colombia, Costa Rica, Peru, Russia and South Africa.
When was the OECD Convention adopted?
The Convention transforming the OEEC into the OECD was signed at the Chateau de la Muette in Paris on 14 December 1960 and entered into force on 30 September 1961.
How many OECD countries are there?
38 Member countries
Today, our 38 Member countries span the globe, from North and South America to Europe and Asia-Pacific. They are represented by ambassadors at the OECD Council, which defines and oversees our work, as set out in the OECD Convention.
Who do OECD Anti Bribery laws apply to?
The OECD Anti-Bribery Convention establishes standards to criminalise bribery of foreign public officials in international business transactions.
Who do OECD Anti-bribery laws apply to?
What are the 2 aims of the OECD?
The three main objectives as laid down in the OECD Convention were: 1. to achieve the highest sustainable economic growth and employment and a rising standard of living in Member Countries, while maintaining financial stability, and thus to contribute to the development of the world economy; 2. to contribute to sound …
How many countries are member of OECD?
When was the convention establishing the OECD signed?
The Convention establishing the OECD was signed in Paris on 14 December 1960. It is complemented by various protocols relating to the privileges and immunities of the Organisation and to the status of the European Union within the OECD.
What is the OECD Convention on Combating Bribery of foreign public?
Parties to the Anti-Bribery Convention have agreed to put in place new measures that will reinforce their efforts to prevent, detect and investigate foreign bribery with the adoption of the OECD Recommendation for Further Combating Bribery of Foreign Public Officials in International Business Transactions.
When does the Convention on Economic Co-operation take effect?
Accession shall take effect upon the deposit of an instrument of accession with the depositary Government. Any Contracting Party may terminate the application of this Convention to itself by giving twelve months’ notice to that effect to the depositary Government.
Who are undersigned Plenipotentiaries in Convention on Economic Co-operation?
IN WITNESS WHEREOF, the undersigned Plenipotentiaries, duly empowered, have appended their signatures to this Convention.
https://www.youtube.com/watch?v=TCiOR2NwCIY
