COLOMBIA will become the 40th Party
to the OECD Anti-Bribery Convention on 19 January 2013. OECD Deputy
Secretary-General Rintaro Tamaki, speaking at a ceremony marking Colombia’s
accession in Paris with Colombia’s Minister of Justice Ruth Stella Correa,
said:
“Bribery distorts markets and increases the cost of doing business. This
month marks the 15th anniversary of the OECD’s Anti-Bribery Convention, the
first and only legally-binding international instrument to focus exclusively on
active bribery in business. Colombia’s joining the Convention sends an important
signal to governments and business in Latin America of the importance of working
together to fight corruption.”
Bribing a foreign public official has been illegal in Colombia since
2000. The OECD invited Colombia to join the OECD Working Group on Bribery in
November 2011 and to take the necessary steps to become a Party to the
Convention.
Colombia will become the 40th Party to the OECD Anti-Bribery Convention
on 19 January 2013, which marks 60 days after the deposit of its instrument of
accession.
Colombia will undergo systematic reviews of its implementation of its
anti-bribery laws, starting with a first examination in December
2012.
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