Israel does not enforce, or inadequately enforces, the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions, according to a report by TI (Transparency International) Israel. In other words, Israeli companies have too much of free hand to make dubious deals overseas, without the government doing much about it.
TI Israel gives Israel its lowest enforcement classification, alongside Australia, Austria, Brazil, Bulgaria, Canada, Chile, the Czech Republic, Estonia, Greece, Hungary, Ireland, Mexico, New Zealand, Poland, Portugal, Slovakia, Slovenia, South Africa, and Turkey.
Countries included in the organization's active enforcement classification, which is considered as creating a deterrent to the bribing of foreign officials are Denmark, Germany, Italy, Norway, Switzerland, the UK, and the US. Argentina, Belgium, Finland, France, Japan, the Netherlands, South Korea, Spain, and Sweden are included in the organization's modest enforcement classification, which it considers as providing insufficient enforcement.
Published by Globes [online], Israel business news - www.globes-online.com - on July 28, 2010
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