Media advisory: Foreign bribery goes unpunished by most big exporters

Bribery and Corruption, Maritime Fraud, Reports, Safety and Security — By on September 10, 2018 at 6:03 PM

Berlin, 10 September 2018 – Most of the world’s most powerful export markets are failing to punish corporations paying bribes overseas, according to a new report from Transparency International to be released on 12 September 2018.

Exporting Corruption 2018: Assessing Enforcement of the OECD Anti-Bribery Convention rates 40 countries that are signatories to the convention on how actively they fulfill their obligation to investigate, prosecute and punish companies who bribe officials in foreign countries.

For the first time, this year’s report also evaluates China, the world’s biggest exporter, and India, Singapore and Hong Kong, sizable export markets which are not signatories to the OECD Convention but are parties to the UN Convention against Corruption.

The countries and territories reviewed are responsible for more than 80 per cent of world exports.

Exporting Corruption 2018 reveals that an alarming proportion of world trade occurs in a consequence-free environment for foreign bribery and makes specific recommendations to governments and the international community for improving enforcement.

As well as country reports, the report features cases studies on five companies operating in the sectors of aerospace, construction, mining and oil: Airbus, Odebrecht, Rio Tinto, SBM Offshore and Sinopec. The Rio Tinto case study also references China Sonangol and China International Fund.

The report will be available at www.transparency.orgon Wednesday, 12 September 2018 at 01:01am Berlin time (CET).

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