The OECD (Organization for Economic Cooperation and Development)Convention on Combating Bribery of Foreign Public Officials in International Business Transactions promotes healthy competitiveness by and for businesses of the member countries and encourages the implementation of anti – corruption policies in the public and private sectors. The Convention, ratified by Mexico in 1999, seeks to prevent, detect and punish companies and persons whose international commercial transactions promise, hand-over or cover-up extra-official payments to foreign public officials. The Convention seeks the elimination of uneven competition generated by these extra-official payments.
Signatories to the Convention on Combating Bribery of Foreign Public Officials in International Business Transactions aver that:
- The guilty party(ies) can be persecuted in any of the Convention’s signing countries regardless of where the act of bribery was committed.
- In the case of individual persons, the penalties include deprivation of freedom (imprisonment) and the crime of bribery can be cause of extradition.
- The money or the assets used to commit the bribery or the benefit obtained for offering it, can be attached and confiscated or comparable monetary penalties can be imposed
One of the mechanisms to prevent and penalize acts of bribery is to file charges or make an accusation. In the case of Mexico, all citizens, public officials, businesspeople, attorneys at law, accountants and auditors, and society in general, have the obligation of reporting cases of bribery.
For Further Information on Helping Combat Bribery
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