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Greece falling short on corruption: OECD

Organisation for Economic Cooperation and Development criticise Greek's "failure to investigate major foreign bribery cases"

AFP, Wednesday 20 Jun 2012

Greece is failing to tackle corruption, the OECD said on Wednesday, blaming the country for not doing enough to investigate cases of bribery of foreign companies by Greek citizens.

"Greece's failure to investigate major foreign bribery cases raises significant concerns," the Paris-based Organisation for Economic Cooperation and Development said in a report.

According to the report, Greece "has failed to promptly investigate a significant foreign bribery case and to provide timely information on its anti-bribery efforts."

An OECD working group recently completed a probe of Greece's implemenation of the organsiation's legally binding anti-bribery convention.

The probe was inconclusive, the OECD said, and the group will now undertake a second evaluation to further examine Greece's enforcement efforts.

The OECD also demanded new measures to fight corruption including legislation to protect whistleblowers and efforts to improve awareness of the foreign bribery offence, especially among judges and prosecutors.

The OECD commended Greece for efforts to improve its anti-money laundering measures and for legislation to prohibit companies that bribe foreign public officials from obtaining public procurement contracts.

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