Since February 1999, when the Organisation for Economic Co-operation and Development’s anti-bribery convention came into force - with the aim of reducing bribery of foreign officials in international business deals - the US has brought 103 cases, Germany more than 40, France 19 and the UK just one. So says “Global Corruption Report 2009: Corruption and the Private Sector”, a study published on Wednesday by Transparency International, the anti-corruption watchdog.
From a British point of view, the report makes uncomfortable reading. “UK companies still have a long way to go to increase their awareness and adopt robust anti-bribery compliance programmes,” it says. Read more