Israel Becomes Signatory to OECD Anti-Bribery Convention

Israel recently became the 38th signatory to the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions.

The OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions, which entered into force on February 15, 1999, provides a broad definition of bribery and requires countries to pass anti-bribery laws and to impose sanctions for engaging in prohibited acts.