Bribery of foreign public officials by multinational companies gives them illicit profits, with huge costs and consequences across the globe. Foreign bribery diverts resources, undermines democracy and the rule of law, and distorts markets. The Organisation for Economic Co-operation and Development (OECD) Anti-Bribery Convention requires parties to prohibit and enforce against foreign bribery.
Our report assesses foreign bribery enforcement in 43 of the 44 signatories to the OECD Anti-Bribery Convention as well as in China, Hong Kong SAR, India and Singapore. While not parties to the OECD Convention, these four countries and territories are major exporters, each with a share of over 2 per cent of world trade, with China being the world’s leading exporter.
The report also identifies inadequacies in legal frameworks and enforcement systems as well as progress in addressing them. It further shines a spotlight on the critical issue of victims’ compensation and identifies areas for improvement with respect to the transparency of foreign bribery enforcement data and case dispositions.