{"id":458,"date":"2012-09-06T00:00:00","date_gmt":"2012-09-06T00:00:00","guid":{"rendered":"https:\/\/transparency.mk\/2012\/09\/06\/rise-in-prosecutions-makes-it-harder-to-get-away-with-foreign-bribery\/"},"modified":"2021-02-11T14:29:28","modified_gmt":"2021-02-11T13:29:28","slug":"rise-in-prosecutions-makes-it-harder-to-get-away-with-foreign-bribery","status":"publish","type":"post","link":"https:\/\/transparency.mk\/en\/2012\/09\/06\/rise-in-prosecutions-makes-it-harder-to-get-away-with-foreign-bribery\/","title":{"rendered":"Rise in prosecutions makes it harder to get away with foreign bribery"},"content":{"rendered":"<div align=\"justify\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-8891 alignleft\" src=\"https:\/\/transparency.mk\/wp-content\/uploads\/2012\/06\/ti-300x69.jpg\" alt=\"\" width=\"300\" height=\"69\" srcset=\"https:\/\/transparency.mk\/wp-content\/uploads\/2012\/06\/ti-300x70.jpg 300w, https:\/\/transparency.mk\/wp-content\/uploads\/2012\/06\/ti.jpg 306w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/> <span style=\"font-size: 10pt; font-family: arial,helvetica,sans-serif; color: #000000;\">07.09.2012 Laws forbidding companies from bribing abroad to win contracts or dodge local regulations have resulted in rising prosecutions, anti-corruption group Transparency International said in a new report today.<\/span><span style=\"color: #000000;\"><br \/>\n<span style=\"font-size: 10pt; font-family: arial,helvetica,sans-serif;\">The report, Exporting Corruption? Country Enforcement of the OECD Anti-Bribery Convention. Progress Report 2012, shows that bribery charges increasingly lead to fines, jail time and reputational damage. With 144 new cases in 2011, the total number of cases prosecuted by 37 major exporters rose from 564 at the end of 2010 to 708 at the end of 2011, with a further 286 investigations ongoing.<\/span><br \/>\n<span style=\"font-size: 10pt; font-family: arial,helvetica,sans-serif;\">\u201cThe growing momentum behind anti-bribery enforcement is making it harder to get away with the use of graft to win business,\u201d said Huguette Labelle, chair of Transparency International.<\/span><\/span><\/div>\n<div align=\"justify\"><\/div>\n<div align=\"justify\"><\/div>\n<p><span style=\"font-size: 10pt; font-family: arial,helvetica,sans-serif; color: #000000;\">\u00a0More governments must deter corporate crime and encourage clean business the report warns. 18 countries have not yet brought any criminal charges for major cross-border corruption by companies, while only seven out of 37 countries are actively enforcing bribery law. Governments should resist lobbying efforts aimed at weakening anti-bribery laws such as the US Foreign Corrupt Practices Act (FCPA), Transparency International said.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 10pt; font-family: arial,helvetica,sans-serif; color: #000000;\"> <b>Prosecution a necessary deterrence to companies paying bribes<\/b><\/span><\/p>\n<p>Over 250 individuals and almost 100 companies were sanctioned as a result of foreign bribery-related cases in OECD Convention countries to the end of 2011, according to the OECD. 66 people have gone to jail in those countries for the crime of bribing overseas officials in business deals.<\/p>\n<p>The United States shows the highest enforcement with 275 cases completed to end 2011. Germany is the only other country to have completed more than 100 cases (176). (see our web feature)<\/p>\n<p>With 34 ongoing investigations, Canada joins Australia and Austria as the most improved enforcers, all three conducting their first major case in 2011. There were six new cases in the UK, where new bribery laws apply to foreign companies that do business there and also increased enforcement activity in the United States, Germany, Italy, Luxembourg, Switzerland and Turkey.<\/p>\n<p>Japan is the biggest economy to have brought less than 10 major cases. In another big exporter, France, there are concerns about the slow progress of cases initiated and lack of deterrent sanctions, according to the report.<\/p>\n<p>One in four business executives (27%) believe bribery by a competitor resulted in direct costs to their business in the last 12 months, according to a Transparency International survey also published today.<\/p>\n<p>\u201cIt is vital that the climate of economic crisis does not tempt governments to seek to cut enforcement, or companies to seek an unfair advantage in global markets,\u201d said Labelle.<\/p>\n<p><span style=\"font-size: 10pt; font-family: arial,helvetica,sans-serif; color: #000000;\"><br \/>\n<b>Background<\/b><\/span><\/p>\n<p>Under the 1997 OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions, governments are committed to making foreign bribery a crime. Signatory countries account for two-thirds of world exports and three-quarters of foreign investment. Russia became the 39th party to the convention last year. G20 members India, China, and Indonesia took similar legislative steps in the last two years.<\/p>\n<p><span style=\"color: #000000;\">\u00a0<\/span><\/p>\n<p><span style=\"color: #000000;\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Laws forbidding companies from bribing abroad to win contracts or dodge local regulations have resulted in rising prosecutions, anti-corruption group Transparency International said in a new report today.<br \/>\nThe report, Exporting Corruption? Country Enforcement of the OECD Anti-Bribery Convention. Progress Report 2012, shows that bribery charges increasingly lead to fines, jail time and reputational damage. With 144 new cases in 2011, the total number of cases prosecuted by 37 major exporters rose from 564 at the end of 2010 to 708 at the end of 2011, with a further 286 investigations ongoing.<\/p>\n","protected":false},"author":3,"featured_media":8891,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[85],"tags":[],"class_list":["post-458","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-85","description-off"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Rise in prosecutions makes it harder to get away with foreign bribery - Transparency International<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/transparency.mk\/en\/2012\/09\/06\/rise-in-prosecutions-makes-it-harder-to-get-away-with-foreign-bribery\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rise in prosecutions makes it harder to get away with foreign bribery - Transparency International\" \/>\n<meta property=\"og:description\" content=\"Laws forbidding companies from bribing abroad to win contracts or dodge local regulations have resulted in rising prosecutions, anti-corruption group Transparency International said in a new report today. The report, Exporting Corruption? Country Enforcement of the OECD Anti-Bribery Convention. Progress Report 2012, shows that bribery charges increasingly lead to fines, jail time and reputational damage. 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