Anti-Corruption Certification

To get certified

Glossary of terms used on this site

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OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions (1997)

Establishes legally binding standards to criminalize bribery of foreign public officials in international business transactions and provides for a host of related measures that make this effective.

Offsets

Something that counterbalances, counteracts, or compensates for something else; compensating equivalent. For example, in the defense industry to offset the cost of defense procurement and to source the most cost-effective deals available, buyer countries often require defense vendors to make additional investments in the country, often worth 50 to 100% of the value of the main contract

Organization for Economic Cooperation and Development (OECD)

An international organization which provides a forum where governments can work together to share experiences and seek solutions to common problems. The OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions, signed in 1997, establishes legally binding standards to criminalize bribery of foreign public officials in international business transactions and provides for a host of related measures that make this effective. It is the first and only international anti-corruption instrument focused on the ‘supply side’ of the bribery transaction