OECD Anti-Bribery Convention

The OECD Anti-Bribery Convention is an international agreement aimed at combating bribery of foreign public officials in international business transactions. Adopted in 1997, it encourages participating countries to make it illegal to offer, promise, or give bribes to foreign officials to gain business advantages. By promoting fair competition and transparency, the Convention helps to create a level playing field for companies operating globally. Member countries are required to implement laws that punish bribery and take measures to prevent it, thereby fostering integrity and trust in international trade.