Illicit Payments Abroad

Pages59-61
Date01 February 1995
Published date01 February 1995
DOIhttps://doi.org/10.1108/eb025671
AuthorMads Andenas
Subject MatterAccounting & finance
Journal of Financial Crime Vol. 3 No. 1 Corruption
CORRUPTION
Illicit Payments Abroad
Mads Andenas
1994 has seen the adoption of an OECD Recom-
mendation on Bribery in International Business
Transactions and a Council of Europe Resolution
on Corruption. The issue now is how effective are
these international initiatives. The first test is how
the member states of these two organisations move
to implement new policies.
The background is well known. In 1994 corrup-
tion scandals broke out in most European
countries exposing how public servants and busi-
ness operate in a new climate of privatisation and
deregulation. The scandals raise serious questions,
in all countries, about the response of the legal
system, how to develop procedures and systems to
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