Sigrún Davíðsdóttir's Icelog

OECD: fighting corruption sub specie aeternitatis

make a comment

OECD has published a report on bribery in France. OECD’s fight against bribery in international business is a work in progress and this report is the Phase 3 Report on Implementing the OECD Anti-Bribery Convention in France. The report includes damning criticism on France’s “lacklustre response” by French authorities in taking measures against French companies practicing bribery abroad by paying foreign officials.

The press release states:

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. The OECD Working Group on Bribery is concerned by the lacklustre response of the authorities in actual or alleged cases of foreign bribery involving French companies. The Working Group finds that sanctions are not sufficiently dissuasive and expresses concern over the lack of confiscation of the proceeds of corruption.

The criticism is so serious that major media publications wrote about the French shortcomings and citing examples, see a BBC reporting here.

The time scale here is interesting. The OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions entered into force on 15 February 1999. Over 13 years later, France isn’t doing better than this. France now has 2 years (!) to respond to the OECD Working Group on steps it has taken to implement the new recommendations put forth by OECD in the Phase 3 report.

The worthwhile goal of clamping down on corruption in international business seems to be pursued sub specie aeternitatis.

Follow me on Twitter for running updates.

Written by Sigrún Davídsdóttir

November 1st, 2012 at 12:23 pm

Posted in Iceland

Leave a Reply