OECD Group demands rapid UK action to enact anti-bribery law

Discussion in 'Current Affairs, News and Analysis' started by fantassin, Oct 20, 2008.

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  1. OECD Group demands rapid UK action to enact adequate anti-bribery laws


    Paris, 16 October 2008

    The OECD's Working Group on Bribery sharply criticised the United Kingdom’s failure to bring its anti-bribery laws into line with its international obligations under the OECD Anti-Bribery Convention and urged the rapid introduction of new legislation .

    Current UK legislation makes it very difficult for prosecutors to bring an effective case against a company for alleged bribery offenses. Although the UK ratified the OECD Anti-Bribery Convention 10 years ago, it has so far failed to successfully prosecute any bribery case against a company.

    The OECD Working Group, which brings together all 37 countries that are parties to the OECD Anti-Bribery Convention, is “disappointed and seriously concerned” about the UK’s continued failure to address deficiencies in its laws on bribery of foreign public officials and on corporate liability for foreign bribery, which it said has hindered investigations.

    More at:

    http://www.oecd.org/document/28/0,3343,en_2649_34855_41515464_1_1_1_1,00.html

    Full report:

    http://www.oecd.org/dataoecd/23/20/41515077.pdf
     
  2. in_the_cheapseats

    in_the_cheapseats LE Moderator

    If HMG signed this, it would open the door to some proper international investigation into matters in sandy places (think BAe acting on HMGs behalf). Poo would hit the fan big style.

    I expect there will be a good amount more of pontification before anything gets ratified.
     
  3. that will hurt BAE shares.
    of course we bribe how else do you think we flogg are tat :twisted:
     
  4. They want to stamp out the corruption & mis-appropriation of funds in hot cliates before they look at the UK or other western countries :x

    I just wish that the gubmint would throw a tantrum and say "right, thats it. You lot are not spending the money we give you for development in the areas you said you were going to so no-one gets any more cash from the Overseas development fund until its all squared away".

    We can all dream I suppose :D