What is the purpose of 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 was the OECD Anti-Bribery Convention?
The OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions (“OECD Anti-Bribery Convention”) was established to promote a bribe-free, level playing field for companies around the world. It entered into force in 1999.
How many nations signed onto the OECD Anti-Bribery Convention?
Key information. 44 Signatories – all 37 OECD countries plus Argentina, Brazil, Bulgaria, Costa Rica, Peru, Russia and South Africa – have adopted this Convention.
How many countries have currently agreed to the terms of the Anti-bribery Convention signed in Paris in 1997?
Convention signed in Paris on December 17, 1997, by the United States and 32 other nations.
What are OECD standards?
The OECD Guidelines for Multinational Enterprises (OECD Guidelines) are recommendations from governments to multinational enterprises on responsible business conduct. The OECD Guidelines set standards for responsible business conduct across a range of issues such as human rights, labour rights, and the environment.
What is G20 in economics?
The Group of Twenty, or G20, is the premier forum for international cooperation on the most important aspects of the international economic and financial agenda. It brings together the world’s major advanced and emerging economies.
What is the OECD Anti-Bribery Convention?
OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions. 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.
What is the OECD Model Tax Convention and why is it important?
The OECD Model Tax Convention, a model for countries concluding bilateral tax conventions, plays a crucial role in removing tax related barriers to cross border trade and investment.
What is the OECD Working Group on bribery in international business?
The OECD Working Group on Bribery in International Business Transactions is responsible for monitoring the implementation and enforcement of the OECD Anti-Bribery Convention, the 2009 Recommendation and related instruments. The Working Group is made up of representatives from the States Parties to the Convention and meets regularly.