OECD Launches “New Weapon” in Global Push to Fight Corruption

The Organisation for Economic Cooperation and Development has released its first Report analyzing corruption cases of signatories of its Anti-Bribery Convention.  "For the first time, this Report measures and describes transnational corruption with reference to actual cases, rather than with statistics derived from econometrics, perception surveys or unsubstantiated allegations,” the OECD said.  Findings from the 427 cases dating from 1999 included: most bribes are of foreign public officials from wealthier countries; most are made through intermediaries; and most are paid by large companies with knowledge of senior management.  The OECD called the detailed Report a powerful tool to understand and combat corruption.  The release of the Report was accompanied by a panel discussion at OECD Headquarters.  

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