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25/10/17 – The OECD Working Group on Bribery has severe considerations relating to Russia’s continued failure to implement key legislative reforms to allow it to successfully examine, prosecute and sanction the offence of overseas bribery.
Since October 2013, when the Working Group carried out its Part 2 Assessment of Russia’s implementation of the OECD Conference on Combating Bribery of Overseas Public Officers in Worldwide Enterprise Transactions, it has repeatedly beneficial that Russia make pressing adjustments to its Penal Code and different related legal guidelines for prohibiting Russian firms and people from bribing overseas public officers to acquire benefits in worldwide enterprise.
Precedence suggestions embrace the necessity to amend Russia’s overseas bribery offence to cowl primary overseas bribery methodologies, resembling providing and promising bribes, bribes that profit third events, and bribery of overseas public officers. Russia should strengthen the legal guidelines relating to company legal responsibility for overseas bribery, so as to successfully implement the Conference. Russia can also be required to remove a defence generally often called “efficient remorse”, because it applies to overseas bribery.
Russia is inspired to speed up its legislative efforts, together with the adoption of draft laws to deal with a few of the key suggestions relating to its overseas bribery offence, and undertake amendments to the Penal Code to determine additional legal responsibility for false accounting linked with overseas bribery. Progress in these key areas can be intently monitored by the Working Group. It’s anticipated specifically that Russia implements legislative adjustments in the important thing areas by March 2018, in addition to persevering with in its efforts by additional measures to make preventing worldwide bribery a precedence.
In March 2018, the Working Group will begin preparations for a high-level OECD mission to Russia, except Russia satisfactorily implements the important thing suggestions by that point.
For additional data, journalists are invited to contact Daisy Pelham of the OECD Anti-Corruption Division (daisy.pelham@oecd.org; +33 (0)1 45 24 90 81) or the OECD Media Division (information.contact@oecd.org; +33 (0)1 45 24 97 00).
For extra data on the implementation of the OECD Anti-Bribery Conference within the Russian Federation, please go to: www.oecd.org/corruption/russia-oecdanti-briberyconvention.htm.
Working with over 100 international locations, the OECD is a world coverage discussion board that promotes insurance policies to enhance the financial and social well-being of individuals around the globe.
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