A Discussion on Transnational Corruption with Drago Kos, Chair of the OECD's Working Group on Bribery
On November 17, the OECD Working Group on Bribery issued its long-awaited Phase 4 Report monitoring the United States' adherence to the OECD Treaty regarding transnational corruption, which under U.S. law is implemented by the Foreign Corrupt Practices Act. The last full evaluation by the OECD Working Group on Bribery of the United States was in 2010. The OECD monitoring is recognized as the “gold standard” by Transparency International.
The 180-page report noted how the United States has made important strides on effective detection of corruption and enforcement of the FCPA, as well as on legal developments on key issues such as corporate liability. The Report identified that the United States continues to be a leader in enforcement of transnational bribery and is effectively encouraging other countries to increase their enforcement through international cooperation. Of particular note, the Working Group described how the United States has taken significant steps to expand global anti-corruption enforcement, including not only increasing its own enforcement of the FCPA but also coordinating investigations and resolutions of multijurisdictional matters with numerous law enforcement agencies around the world.
Join us for a conversation with Drago Kos, Chair of the OECD Working Group on Bribery, as we analyze the key takeaways from the Phase 4 Report and how they impact the corporate community in the United States and beyond.