OECD Releases 1st Foreign Bribery Report today!

read the full story with links at International Financial Law Prof Blog



An analysis of the crime of bribery of foreign public officials

Most international bribes are paid by large companies, usually with the knowledge of senior management, according to new OECD analysis of the cost of foreign bribery and corruption.

Bribes in the analysed cases equalled 10.9% of the total transaction value on average, and 34.5% of the profits – equal to USD 13.8 million per bribe. But given the complexity and concealed nature of corrupt transactions, this is without doubt the mere tip of the iceberg ...

read the full story with links at International Financial Law Prof Blog