
Report: Most exporters do little to prevent foreign bribery
The IndependentFor free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Berlin-based Transparency International said only four of 47 countries — the U.S., U.K., Switzerland and Israel, making up 16.5% of global exports — were actively enforcing legislation against foreign bribery in 2019. “Our research shows that many countries are barely investigating foreign bribery ” said Gillian Dell, the lead author of the Transparency report. The Netherlands, Canada and Austria — all signatories to the convention — are the biggest exporters in the category of those showing only “limited enforcement.” “Too many governments choose to turn a blind eye when their companies use bribery to win business in foreign markets," Transparency International head Delia Ferreira Rubio said. “G-20 countries and other major economies have a responsibility to enforce the rules.” Transparency's recommendations include ending secrecy in ownership of companies, which makes investigating foreign bribery difficult, and exploring increased liability of parent companies for the actions of their foreign subsidiaries.
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