Responsable delegate: Florian Jäger, Tel. +33 (0)1 55 74 57 05, Contact form
Corruption does not only have a negative political and social impact – it also poses a risk to economic development. It distorts markets and international competition, leads to misallocations and destroys jobs.
This is why the OECD has pledged to fight corruption. It was the first international organisation to do so and has become the most important creator of international instruments to tackle this problem.
Along with the OECD member countries, non-members including Argentina, Brazil, Russia and South Africa have signed the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions, which obliges its signatories to prosecute cases involving the bribery of foreign public officials under their national legislation in exactly the same way as cases involving the corruption of domestic public officials.
Accession to the Convention is a prerequisite for joining the OECD.
Money laundering / FATF
Germany is a member of the Financial Action Task Force (FATF), which was founded in 1989 and sets international standards on combating money laundering, terrorism financing and proliferation financing (AML/CFT). The FATF is an international body whose secretariat is based at the OECD in Paris. It currently has 37 members, comprised of 35 countries and two regional organisations (the EU and the Gulf Cooperation Council). In addition, nine regional cooperation partners have associate member status. The FATF’s recommendations thus reach over 180 jurisdictions around the world. However, they are what is known as “soft law” and are not legally binding.
The FATF monitors compliance with and implementation of its recommendations in mutual evaluations (peer reviews). Germany was released from the evaluation process in June 2014.
G20 and FATF
The G20 Summit in Antalya on 15 and 16 November 2015 called on FATF to tackle the problem of terrorism financing. To this end, it is focusing on an intensified exchange of information, the freezing of terrorists’ assets and, in particular, the implementation of the standards decided by the FATF. FATF issues yearly reports, most recently its third report published in April 2017.
Federal Ministry of Finance