Foreign bribery distorts markets, undermines fair competition and diverts resources away from sustainable economic development. Preventing this crime helps build trust in institutions, encourages responsible corporate behaviour and creates a more level playing field for companies operating internationally.
The OECD Anti-Bribery Convention is the only international instrument that tackles foreign bribery. Established in 1999, it requires its 46 Parties to criminalise the bribery of foreign public officials and to detect, investigate, prosecute and sanction offenders. Uniquely, it focuses on the “supply side” of bribery: the individuals and companies that offer, promise or pay bribes in international business transactions. Together, the Convention's Parties account for over two-thirds of global exports and almost 90% of outward foreign direct investment.