OECD Urges Czech Republic to Overhaul Anti-Bribery Legislation

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Thursday, February 1, 2007
Author: 
Bruce Zagaris
Volume: 
23
Issue: 
2
47
Abstract: 
On November 23, 2006, the Organization of Economic Cooperation and Development (OECD) issued a report urging the Czech Republic to modify its domestic laws to meet the requirements of OECD Convention on Combating the Bribery of Foreign Public Officials in International Business Transactions. The OECD Working Group on Bribery in International Business Transactions recently completed a review of the Czech Republic’s enforcement of the OECD Convention. In its report, the Working Group recommends that the Czech Republic: (1) establish legal person/corporate liability for foreign bribery, put in place sanctions, and within 12 months provide a written report on progress in this area; (2) further publicize its anti-corruption efforts, and specifically target Czech individuals and companies that operate internationally, as well as entities involved in official development assistance, taxation, accounting and auditing; (3) consider adopting additional measures to strengthen whistleblower protection to encourage employees to report suspected cases of foreign bribery; and (4) raise prosecutor awareness of the importance of forfeiture and confiscation, and encourage prosecutors to seek these sanctions in corruption cases whenever possible ... [more]