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Australia’s enforcement of its foreign bribery laws has been extremely low, with just a single case leading to prosecutions out of 28 referrals in 13 years. Cases may have been closed prematurely. Australia must vigorously pursue foreign bribery allegations.
France should intensify its efforts to combat the bribery of foreign public officials. Only five convictions – of which one, under appeal, involves a company – have been handed down in twelve years.
More than twelve years after making foreign bribery a crime, Sweden needs to make much greater efforts to actively enforce its anti-bribery legislation, according to a new OECD report.
20/06/2012 - The Slovak Republic must urgently meet its obligations under the Convention it signed 12 years ago and introduce an effective corporate liability regime so that Slovak companies are held accountable for the bribery of foreign public officials in cross-border business deals, says a new OECD report.
Financial crimes, including corruption, tax fraud and money laundering, are a threat to all countries, both developing and developed. The sums are vast. Estimates have put total proceeds from all illicit activities at 3.6% of global GDP.
Colombia and Mexico are a step closer to beneffiting from cross border tax co-operation and information sharing. Colombia has signed, and Mexico has deposited its instrument of ratification for the Multilateral Convention on Mutual Administrative Assistance in Tax Matters.
Colombia y México están un paso más cerca de beneficiarse de la cooperación trasfronteriza y el intercambio de información. Colombia ha firmado y México ratificado la Convención sobre Asistencia Administrativa Mutua en Materia Fiscal.
Hungary’s law banning bribery of foreign public officials is relatively good on paper but lacks effective application, according to a new OECD report. Hungary must strengthen detection and prosecution of individuals and companies involved in foreign bribery.
The United Kingdom has significantly boosted its foreign bribery enforcement efforts but needs to be more transparent when resolving cases.
Uzbekistan should step up its fight against corruption by bringing its laws into line with international standards and boosting integrity in the public sector, according to a new report by the Istanbul Anti-Corruption Action Plan (IAP).