Image for international anti-bribery conventions

international anti-bribery conventions

International anti-bribery conventions are agreements among countries aimed at combating bribery in international business. They establish standards for nations to criminalize corrupt practices, such as offering or accepting bribes to gain unfair advantages. These conventions encourage transparency and ethical behavior in government and corporate dealings. Notable examples include the OECD Anti-Bribery Convention and the United Nations Convention Against Corruption. By adopting these agreements, countries work together to foster fair competition and hold businesses and officials accountable, promoting integrity in global trade and investment.