A report issued by the Organisation for Economic Cooperation and Development (OECD) last month found that most governments are not meeting their international commitments to clamp down on bribery and corruption in international business, with only five signatories to the OECD Anti-Bribery Convention having sanctioned individuals or companies in the past year. The five signatories were as follows: the U.S. sanctioned 8 individuals and 11 companies; Germany sanctioned 3 individuals; France and Switzerland 1 individual; and the UK 2 individuals and 1 company. 260 investigations are currently ongoing in Convention countries.
Since the Convention came into force into 1999, 199 individuals and 91 companies have been sanctioned for foreign bribery offences. But most parties to the Convention have yet to sanction any individual or company.