Thank you
Discuss the role and function of the OECD (Organisatio for Economic Co-operation and Development).
Australian Federal Police office Benjamin Joseph Hampton charged with 12 corruption and bribery offences
What is OECD
- The Organisation for Economic Co-operation and Development (OECD) is an international economic organisation of 34 countries
- Founded in 1961
- It is a forum of countries committed to democracy and the market economy
- Providing a platform to compare
- policy experiences,
- seek answers to common problems, identify good practices and
- coordinate domestic and international policies of members
Christine Lagarde, International Monetary Fund chief, under investigation in French corruption probe
He is facing a dozen charges including:
- Two conunts of receiving a bribe as a Commonwealth Public Official
- Two conuts of receiving a corrupting benefit as a Commonwealth public official
- Two counts of abuse of public office
- Four counts of unauthorise access to data held in a computer with intent to commit a serious Commonwealth offence
- Two counts of divulge/communicate prescribed information
- in 2008 Lagarde, France's finance minister
- 400 million euros to businessman Tapie
- unusual decision to handle the case by private arbitration, not through the French legal system
- The charge 1 year in prison and a fine of 15,000 euros.
The Inter-American Convention against Corruption
The European Union Convention on the Fight against Corruption Involving Officials of the European Communities or Officials of Member States
Role and Function of the OECD
- The OECD acts by peer pressure to improve policy and implement "soft law"—non-binding instruments that can occasionally lead to binding treaties.
- Cooperates with businesses, trade unions and other representatives of civil society.
- Collaboration at the OECD regarding taxation, for example, has fostered the growth of a global web of bilateral tax treaties.
The OECD promotes policies designed:
- to achieve the highest sustainable economic growth and employment and a rising standard of living in Member countries, while maintaining financial stability, and thus to contribute to the development of the world economy;
- to contribute to sound economic expansion in Member as well as nonmember countries in the process of economic development; and
- to contribute to the expansion of world trade on a multilateral, nondiscriminatory basis in accordance with international obligations.
Major Inter-Governmental Anti-Corruption Instruments
- The OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions
- The OECD Revised Recommendation on Combating Bribery in International Business Transactions
- The Forty Financial Action Task Force Recommendations
- The Inter-American Convention against Corruption
- The European Union Convention on the Fight against Corruption Involving Officials of the European Communities or Officials of Member States
- The Council of Europe Criminal Law Convention against Corruption
- The Council of Europe Civil Law Convention against Corruption
- The Southern African Development Community Protocol on Corruption
- The United Nations Draft Convention against Corruption
In particular, describe and evaluate the anti-bribery and anti-corruption intitiatives of this organisation.
Use at least two recent cases of corruption/bribery that have been analysed in the financial press to illustrate the problem of corruption that the OECD is trying to address.
Anti-Bribery and Anti-Corruption