OECD Anti-Bribery Convention

OECD Anti-Bribery Convention
Convention on Combating Bribery of Foreign Public Officials in International Business Transactions
Signed17 December 1997 (1997-12-17)[1]
Effective15 February 1999 (1999-02-15)[1]
SignatoriesSee text
Languages
  • English
  • French[1]

The OECD Anti-Bribery Convention (officially the Convention on Combating Bribery of Foreign Public Officials in International Business Transactions) is an anti-corruption convention of the OECD that requires signatory countries to criminalize bribery of foreign public officials. The convention is a legally binding international agreement that focuses on the supply-side of bribery by criminalizing acts of offering or giving bribes to foreign public officials by companies or individuals.[2] Its goal is to create a level playing field in the international business environment.

A 2017 study found that multinational corporations that were subject to the convention were less likely to engage in bribery than corporations that were based in non-member states.[3] A 2021 study found that the convention may increase bribery by firms from non-ABC member countries and lead firms in ABC member countries to shift to bribery through intermediaries in non-ABC member countries.[4]

  1. ^ a b c "OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions". Organisation for Economic Co-operation and Development. Retrieved 30 August 2018.
  2. ^ Dell, Gillian. "OECD Anti-Bribery Convention at 25: Time to step up enforcement". Transparency International. Retrieved 27 May 2024.
  3. ^ Jensen, Nathan M.; Malesky, Edmund J. (2017). "Nonstate Actors and Compliance with International Agreements: An Empirical Analysis of the OECD Anti-Bribery Convention". International Organization. 72: 33–69. doi:10.1017/S0020818317000443. ISSN 0020-8183. S2CID 158446483.
  4. ^ Chapman, Terrence L.; Jensen, Nathan M.; Malesky, Edmund J.; Wolford, Scott (2021). ""Leakage" in International Regulatory Regimes: Did the OECD Anti-bribery Convention Increase Bribery?". Quarterly Journal of Political Science. 16 (4): 387–427. doi:10.1561/100.00019193. ISSN 1554-0626. S2CID 210063866.