AS per OECD new Report, Korea has improved
its information and intelligence gathering capacity in foreign bribery cases,
but should be more proactive in investigating allegations.
Korea has successfully prosecuted nine foreign bribery cases since 2002; most
of them involved the bribery of foreign military staff on Korean soil. Korea
is currently prosecuting a new case and working on three new allegations -
all of which took place abroad.
The Working Group also recommends that Korea:
++ Preserve transnational bribery case records for a reasonable period to allow
for full reporting on those cases to the Working Group;
++ Ensure that sanctions imposed on individuals and companies for foreign bribery
are effective, proportionate and dissuasive, and that the bribe and the proceeds
of foreign bribery are confiscated where possible;
++ Facilitate reporting by tax authorities of suspicions of foreign bribery
uncovered during tax audits; and
++ Enhance the prevention and detection of foreign bribery by encouraging all
Korean companies, including SMEs, to adopt adequate internal controls, ethics
and compliance programmes.
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