Thursday, July 10, 2014

Wathdog: Anti-bribery rules not being enforced

October 08. 2013 5:36AM
Associated Press

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(AP) An anti-corruption watchdog ranks the U.S. and Germany as the most active at enforcing rules prohibiting multinational companies from using bribes in foreign markets, but says half of the world's top exporters are doing little or nothing at all.

Transparency International's report released Tuesday showed only the U.S., Germany, Britain and Switzerland actively enforced the OECD Anti-Bribery Convention agreed upon by 40 major exporting countries between 2009 and 2012.

The 1997 convention prohibits bribes to win contracts and licenses or to dodge taxes and local laws.

Twenty countries that together account for about 27 percent of the world's exports, including G-20 members Japan, Brazil, South Korea and the Netherlands, showed little or no enforcement, the watchdog said. A further 10 had only limited enforcement.

Associated Press

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