A world without corruption may not be possible. The OECD Convention is the first and only international anti-corruption instrument focused on the ‘supply side’ of the bribery transaction, which anti-corruption conventions play a key role in the global fight for integrity. It establishes legally binding standards to criminalize bribery of foreign public officials in international business transactions and provides for related measures, such as rigorous country monitoring and extensive follow-up mechanisms, to ensure effective implementation. The OECD Anti-Bribery Convention (officially Convention on Combating Bribery of Foreign Public Officials in International Business Transactions) is a convention aimed at reducing corruption in developing countries by encouraging sanctions against bribery in international business transactions, carried out by companies based in the Convention member countries. Its goal is to create a level playing field in today’s international business environment.
The Convention itself establishes an open-ended, peer-driven monitoring mechanism to ensure the thorough implementation of the international obligations that countries have taken on under the Convention