OECD Anti-Bribery Convention

The OECD have drawn-up a set of legally binding standards that criminalise the bribery of foreign public officials in international business transactions. This was deemed an essential area to stamp out corruption in international business, and was agreed on by the 30 OECD members, as well as 8 other nations, initially. The document also sets out guidelines and measures as to how this can be achieved. The measures are taken-on by nations that have signed up to the agreement, and its details should be carefully noted by any businesses that operate within these areas.