Switzerland must step up its anti-corruption efforts and provide better protection for whistleblowers, while increasing fines for guilty firms, an OECD anti-bribery group says.
This content was published on
Keystone-SDA
+Get the most important news from Switzerland in your inbox
“We are here because (these) two long-standing recommendations, dating back 20 years, have still not been implemented by Switzerland. Yet these are crucial to the successful fight against corruption,” Kathleen Roussel, chair of the OECD Working Group on Bribery, told reporters on Tuesday after a visit to Bern.
The Organisation for Economic Co-operation and Development (OECD) reaffirms what the Swiss Federal Audit Office said in an audit published last April.
The OECD says it recognises Switzerland’s active role in prosecuting cases of foreign bribery, thanks in particular to the commitment of the Swiss Federal Prosecution Service (MPC) and the cantonal authorities. But it underlines the importance of Switzerland adopting these two essential legislative reforms. These are “problems that persist”, said Roussel.
Fines too low
The aim is to put in place a legal framework for the protection of whistleblowers in the private sector and to raise the ceiling for fines applicable to companies found guilty of bribery of foreign public officials. The current limit of CHF5 million is “not a deterrent at all”, said Roussel. She gave the example of her own country, Canada, which does not have a maximum.
As...
Read Full Story:
https://news.google.com/rss/articles/CBMirgFBVV95cUxQN3ZnNWNQc2VsNU83QlpGNDJE...