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Bribe, Swindle or Steal

What the Revised OECD Recommendation Means for the Private Sector

Bribe, Swindle or Steal

Alexandra Addison-Wrage of TRACE International

News, Business, Business News

4.9582 Ratings

🗓️ 23 March 2022

⏱️ 29 minutes

🧾️ Download transcript

Summary

Drago Kos, Chair of the OECD's Working Group on Bribery, and Dan Kahn, former head of the DOJ's FCPA Unit and now a partner in Davis Polk's DC office, wrap up our series on the OECD revised Recommendation with a focus on the very practical implications for companies.

Transcript

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0:00.0

Welcome back to the podcast, bribes, windle, or steel.

0:09.9

I'm Alexandra Rogge, and we have a great podcast for you today.

0:13.2

My guests are Drago Koss, chair of the OECD's working group on bribery, amongst many other

0:18.1

responsibilities, and Dan Kahn, former head of the DOJ Fraud

0:21.9

Section's FCPA unit, and is now a partner in Davis-Pokes' DC office representing clients in

0:27.9

criminal and regulatory investigations and in civil and criminal trials. We've discussed the revised

0:33.8

OECD Working Group on Bribery Recommendation on the podcast recently, but we really wanted to

0:38.8

focus today on the very practical implications for companies. So turning this over, Dan,

0:45.0

Drago, thank you for joining me. It's a pleasure to be here. Thanks so much for having us.

0:49.4

The pleasure for me, too. Let's start with just some high-level remarks on the recommendation, and then we'll go

0:55.4

point by point. Is it a resounding success? Is it good as far as it goes, but there's more work to be

1:01.6

done? Dan, I'll start with you, because drag goes a little closer to the issue. Thanks so much.

1:07.9

And I guess what I would say is a couple things to keep in mind. One is that these are just recommendations. And so it's not as though they're going to have an immediate impact. It will take time for the member states to actually put these into practice. And obviously one of the things that the OECD working group on bribery is going to be following is whether, in fact,

1:28.1

the member states do in fact put these into practice. And so I think one is this is going to be

1:33.3

a little bit of a wait and see game. But on the other hand, and the second point is I do think

1:39.0

that these recommendations give a fairly helpful insight into where enforcement authorities' priorities are

1:47.4

right now. And so the fact that there is, for example, that a recommendation on non-trial resolutions,

1:54.2

that's not out of the blue, you've seen a trend with other countries starting to pursue those

1:59.6

types of resolutions in their countries.

2:02.2

Whistleblowers is something that, you know, has been a trend in a number of countries and a number

2:06.6

of regions. And so there are a number of recommendations here that may not actually come into

2:12.9

practice in the foreseeable future. It may take a couple of years, but at the same time, I think it's

...

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