The OECD Anti-Bribery Convention (officially OECD Convention Against Bribery of Foreign Public Officials in International Business Transactions) is a convention of the OECD aimed at reducing corruption in developing countries by sanctioning bribery carried out by companies based in OECD member states. Its goal is to create a truly level playing field in today's international business environment.

The convention came into effect in February 1999. Countries that have signed the Convention are required to put in place legislation that criminalises the act of bribing a foreign public official. As of April, 2006 thirty-six countries have ratified the convention.

The OECD has no authority to implement the convention, but instead monitors implementation by participating countries. Countries are responsible for implementing laws and regulations that conform to the convention and therefore provide for enforcement. The OECD performs it's monitoring function in a two-phased examination process. Phase I consists of a review of legislation implementiong the conventions in the member country with the goal of evaluating the adequacy of the laws. Phase 2 assesses the effectiveness with which the legislation is applied.

External links

• OECD Anti-Bribery Convention

Conventions | OECD