World: OECD releases important update to anti-bribery recommendations

On November 26, 2021, the Organization for Economic Cooperation and Development updated its anti-bribery recommendation for the first time in more than a decade.

More than 44 countries have ratified the OECD’s 1997 Convention on Combating Bribery of Foreign Public Officials in International Business Transactions, which establishes standards that signatories must meet and steps they must take to combat global corruption.

This revised Recommendation for Further Combating Bribery of Foreign Public Officials in International Business Transactions updates the 2009 Recommendation for Further Combating Bribery of Foreign Public Officials.

While the 2009 Recommendation retains its importance, the OECD explains that “the 2021 Anti-Bribery Recommendation addresses key issues that have emerged or significantly evolved in the global anti-corruption landscape since the adoption of the previous Anti-Bribery Recommendation in 2009.

This article was originally posted at mondaq.com

Ready to find out more?

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top
Share via
Copy link
Powered by Social Snap