It’s easy to promise to combat cross-border corruption, but it seems that actually putting those promises into action is another matter entirely. A recently released analysis from Transparency International, a global anti-corruption advocacy organization, shows that 22 of 41 countries that signed on to a landmark international anti-bribery convention haven’t gone after any foreign targets for bribery over the last four years.
The progress report, titled “Exporting Corruption,” reveals most countries are failing to deliver on their obligations under the Organization for Economic Cooperation and Development Convention on Combatting Foreign Bribery, which requires countries make bribery of foreign officials a crime and actively investigate and prosecute alleged violations. “Countries have signed up and they seem interested in the concept, but they don’t have the resources or haven’t gotten into the implementation stage,” Charles Laurence, a managing director of AlixPartners’ financial advisory services practice, told CorpCounsel.com.
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