More than twelve years after making foreign bribery a crime, Sweden needs to make much greater efforts to actively enforce its anti-bribery legislation, according to a new OECD report. Despite a number of allegations against Swedish companies, Sweden has prosecuted only one case in 2004 and has never proceeded against a company for foreign bribery. Furthermore, the OECD Working Group on Bribery cites a need for greater support and awareness in the Swedish public for foreign bribery enforcement.
The OECD Working Group on Bribery has just completed its report on Sweden’s application of the Convention of Combating Bribery of Foreign Public Officials in International Business Transactions and related instruments. The report recommends a follow-up evaluation, including a written report in 6 months and another in one year.
Other main recommendations of the Group are that Sweden should:
- Greatly increase efforts to investigate potential links between Swedish companies and allegations of bribery perpetrated abroad by intermediaries, such as foreign subsidiaries;
- Ensure that law enforcement authorities have adequate resources and specialised training to enforce foreign bribery laws; and
- Amend the system of corporate fines to ensure that companies are held responsible for foreign bribery, including raising the maximum fines for Swedish companies who bribe.
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