Transnational Bribery : OECD Convention

Convention on Fighting Bribery of Foreign Officials in Transnational Business Transactions

On December 17th 1997, in Paris, the countries members of the Organization for Economics Cooperation and Development (OECD) as well as some no-members countries signed the Convention on Fighting Bribery of Foreign Officials in Transnational Business Transactions.

That document is today known as "OECD Convention" and binds the States to adopt stern measures against transnational bribery. On March 24th 1996, in Caracas, the members of the Organization of American States had too assumed the responsibility to include that offence into their laws, in the article VIII of the Interamerican Convention Against Corruption. The OECD Convention contains a system for monitoring the agreed measures. Until those commitments only the United States of America, in 1977, had legislated that offence.

Preamble