Despite certain progress, the OECD remains concerned with Russia’s compliance with key provisions of the OECD Anti-Bribery Convention

17/10/2013 – Russia has but to deal with key provisions of the OECD Anti-Bribery Conference, which entered into pressure in Russia in April 2012. It has not but totally carried out suggestions for strengthening its framework for combating international bribery and needs to be extra proactive in detecting, investigating and prosecuting international bribery circumstances.

The OECD Working Group on Bribery has simply accomplished its second report on Russia’s implementation of the Conference of Combating Bribery of International Public Officers in Worldwide Enterprise Transactions and associated devices. The report urges Russia to undertake acceptable laws towards international bribery as a matter of excessive precedence. Particularly, the report recommends that Russia:

• Increase the scope of its international bribery offence in order that it applies to the entire circumstances lined by the OECD Anti-Bribery Conference;

• Additional strengthen its not too long ago instituted framework for holding firms answerable for international bribery;

• Take steps throughout regulation enforcement and associated companies to implement a proactive method to detecting, investigating and prosecuting international bribery offences and associated accounting offences;

• Take measures to permit for the seizure and confiscation of the bribe and its proceeds in proceedings towards pure and authorized individuals and enhance  coordination and accountability amongst regulation enforcement authorities; and,

• Elevate the profile of international bribery in its anti-corruption efforts, particularly focusing on Russian people and firms working internationally.

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The Working Group additionally highlighted optimistic facets of Russia’s efforts to combat international bribery, together with the specific disallowance of the tax deductibility of bribes to international public officers. Russia additionally not too long ago handed a statutory requirement for firms in Russia to have anti-corruption measures in place and has assisted different Events to the Anti-Bribery Conference of their investigations of international bribery.

Russia will make a particular written follow-up report back to the Working Group on its actions to implement the Working Group’s suggestions earlier than the tip of 2014.

The report, accessible right here, lists all of the suggestions of the Working Group on pages 90-98, and contains an outline of current enforcement actions and particular authorized and coverage options in Russia for combating the bribery of international public officers.

For additional data, journalists are invited to contact Mary Crane-Charef, OECD Anti-Corruption Division Communications Coordinator (Mary.Crane-Charef@oecd.org; + (33) 1 45 24 97 04). For additional data on OECD’s work preventing corruption, please go to www.oecd.org/daf/nocorruption.

For extra data on OECD’s work to combat corruption, go to www.oecd.org/daf/nocorruption.