What OECD Anti-Bribery Convention 1997 - Foreign Public Official Bribery Offence and Working Group Peer Review requires
The OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions, adopted on 21 November 1997 and entered into force on 15 February 1999, is the principal international instrument criminalising bribery of foreign public officials in international business. Article 1 requires Parties to criminalise the offer, promise or giving of any undue pecuniary or other advantage to a foreign public official for that official to act or refrain from acting in relation to performance of official duties to obtain or retain business or other improper advantage in international business. Article 2 requires liability of legal persons. Article 3 requires effective, proportionate and dissuasive penalties including monetary sanctions comparable to those for bribery of own public officials. Article 4 requires jurisdiction over offences committed in territory and (where Party criminalises bribery of own officials abroad) by nationals abroad. Article 5 prohibits enforcement decisions being influenced by national economic interest, potential effect on relations, or identity of natural/legal persons involved. The Working Group on Bribery monitors implementation through peer review (Phase 1: legislative; Phase 2: enforcement; Phase 3: enforcement and remaining issues; Phase 4: ongoing). 46 States Parties as of 2024.
Pillar: Financial Crime, AML & Sanctions · Authority: OECD Working Group on Bribery in International Business Transactions; OECD Directorate for Financial and Enterprise Affairs (DAF); Member State Anti-Corruption Authorities and Prosecution Services · Version: 1.0.0 · Last updated:
Primary source: https://www.oecd.org/corruption/oecdantibriberyconvention.htm
SHA-256 integrity: a99a673597fa4b46c969d247eed37581eb212bed54d36f9a9cfadbd66ee1c941
Primary Citations — 7 traced to source
- OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions, adopted 21 November 1997, entered into force 15 February 1999; 37 ILM 1 (1998) - Article 1 active bribery offence, Article 2 legal person liability, Article 3 sanctions, Article 4 jurisdiction, Article 5 enforcement independence, Article 7 money laundering predicate offence
- OECD Recommendation of the Council for Further Combating Bribery of Foreign Public Officials in International Business Transactions, adopted 26 November 2009 (replaced 1997 Recommendation) - operational guidance including Annex I additional sanctions and Annex II Good Practice Guidance on Internal Controls, Ethics, and Compliance
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