CCR Magazine

CCRi banner ad
You are here  :Home arrow News arrow Japan must make fighting international bribery a priority
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines

Headlines

 
Commercial Credit News

Headlines

 
Japan must make fighting international bribery a priority PDF Print E-mail
Thursday, 30 June 2016
The OECD Working Group on Bribery in International Transactions has continuously urged Japan since 2002 to strengthen its efforts to fight bribery by Japanese companies in their foreign business activities, and implementation of the Convention on Combating the Bribery of Foreign Public Officials in International Business Transactions. 

However, Japan has only prosecuted four cases of “foreign bribery” since 1999, when Japan’s Unfair Competition Prevention Law (UCPL) was amended to make it an offence to bribe foreign public officials to obtain advantages in international business. The Working Group has repeatedly urged Japan to amend the Anti-Organised Crime Law (AOCL) so that companies and individuals convicted of bribing foreign public officials cannot keep their illegal proceeds, including by laundering them, as required by the OECD Convention. It has also recommended that Japan establish an Action Plan to organise police and prosecution resources to be able to proactively detect, investigate and prosecute cases of foreign bribery by Japanese companies.

On 29-30 June 2016, a high-level OECD mission arrived in Tokyo to discuss these pressing issues with high-level Japanese representatives from the Ministry of Foreign Affairs, Ministry of Economy, Trade and Industry, Ministry of Justice, National Police Agency and National Tax Agency.

“We appreciate the readiness of the Japanese government to meet with us to discuss outstanding issues related to the necessary improvements of the country’s anti-bribery legislation and practice,” said Drago Kos, Chair of the Working Group on Bribery. “Japan should be aware that continued failure to fulfil the Working Group’s crucial recommendations would not only increase the Group’s concerns but – bearing in mind Japan’s important role in the world economy – also negatively affect other countries’ efforts in the global fight against foreign bribery. Therefore, we trust that the current positive spirit of cooperation will both result in the country quickly meeting our substantial concerns and also in Japan joining the list of countries more actively enforcing the OECD Anti-Bribery Convention.”

The Japanese side, in response, expressed its commitment to the global fight against corruption, and explained the latest status of its efforts to implement the recommendations of the Working Group.

The Working Group on Bribery – made up of the 34 OECD Member countries including Japan plus Argentina, Brazil, Bulgaria, Colombia, Latvia, Russia and South Africa – comprises the Parties to the OECD Anti-Bribery Convention. The Working Group conducts a systematic programme for monitoring implementation of the Convention by all its Parties. Typical examples of “foreign bribery” involve bribing officials in foreign countries to obtain public contracts for building infrastructure.

The Working Group decided to send a high-level mission to Japan to meet governmental representatives and senior officials, and to urge them to take the necessary steps to implement the OECD Anti-Bribery Convention. The most recent evaluation of Japan took
 
CCRI
3 October - Guoman Tower Hotel, Central London 

CCRInteractive, in association with Marston Holdings , is the largest and leading one-day conference from the publishers of CCRMagazine – a truly national and international event for the credit industry.

This landmark event allows delegates to: Learn best practice of how to increase profitable sales in today’s economy. Understand the key compliance issues and how they will impact upon you. Discuss the legislative and regulatory framework and how it will effect you. Consider the potential effects of Brexit on your business. Discover the latest innovations in the market to improve your collections. Motivate your staff to achieve ever improved results.

To book to attend in 2017, contact Stephen Kiely  or Alison Lucas. To find out more about being part of this landmark event, please contact Gary Lucas
CCRI 

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online

The Credit Excellence Awards

Awards 

Tuesday 3 October - Guoman Tower Hotel, Central London


Do not miss your chance to meet and network with the Winners and Finalists at the Credit Excellence Awards, in association with Hoist Finance.


To book your place to attend, please contact Alison Lucas.


subscriptions

CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


 

Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road
Southend-on-Sea
Essex
SS1 1EP

Registered in England No: 05483197