Conclusion

Abstract

The formation of OECD anti-bribery collaboration was marked by two watershed events: first, the US’ enactment of the FCPA in 1977 for the first time in human history outlawed transnational bribery—nationals or domestic companies’ acts of paying bribes to foreign officials in international business transactions. Then, in 1997, the US managed to internationalize the FCPA and established the OECD Anti-bribery Convention with 33 other signatories. The formation of the OECD Anti-bribery Convention internationalized the FCPA approach and signaled the establishment of the OECD anti-bribery collaboration. Thereafter, another seven countries have participated in the Convention, becoming the second generation of signatories. As of June 2014, OECD anti-bribery collaboration already has 41 member countries.