Implementing the OECD Anti‐Bribery Convention Report on Iceland: (Complete Edition)
Abstract:Iceland signed, together with thirty‐three other countries, the Convention on Combating Bribery of Foreign Public Officials in International Business Transactions (the OECD Anti‐Bribery Convention) in December 1997. Iceland was the first country to ratify the OECD Convention and to deposit the ratification instrument with the OECD, in August 1998.
This report surveys the legal provisions and the institutions in place in Iceland to combat bribery of foreign public officials and evaluates their effectiveness. It examines the mechanisms introduced, in both the public and private sectors, to prevent and detect acts of bribery of foreign public officials. It also reviews the effectiveness of mechanisms for investigating and prosecuting the offence of bribery of foreign public officials and related offences such as fraud and money‐laundering. The report concludes with specific recommendations regarding prevention and detection, as well as prosecution and punishment. Key legal provisions to deter, prevent and fight corruption as submitted by Iceland to the review process are also included. Review of the implementation by Iceland of the OECD Anti‐Bribery Provisions is part of the wider mandate of the OECD Working Group on Bribery in International Business Transactions. This group is entrusted with the systematic and detailed monitoring and follow‐up by all countries party to the OECD Anti‐Bribery Convention. So far, the Working Group has reviewed implementation and enforcement in Bulgaria, Finland, Germany, Iceland, and the United States. The review of the remaining 30 countries will be completed by 2007.
Document Type: Review Article
Publication date: 2004-09-01