Bribery and corrupt practices

The international law governing bribery and corrupt practices is a fairly recent development. The most important development was the adoption of the 1997 OECD Convention on Combating Bribery of Foreign Public Official in International Business Transactions. Over 30 countries, including all the OECD member states, are parties to the treaty, which outlaws the offering of money or other benefits to public officials in foreign countries, whether directly of through intermediaries.

Our experience of advising in this area includes working with

  • a major international insurance company on the introduction of a business-wide ethical governance policy; and
  • several financial services companies on procedures to identify and prevent bribery and other practices.

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