Norway praised over anti-corruption enforcement / News / The Foreigner

Norway praised over anti-corruption enforcement. An OECD report applauds Norway for tackling bribery and corruption in recent years. On its website following its visit to Oslo at the beginning of February this year, the world policy organisation’s writes that Norway’s progress in opposing bribery is “significant”. The 52 page phase three report, released on Thursday, says that The Norwegian National Authority for Investigation and Prosecution of Economic and Environmental Crime (Økokrim) “continues to proactively investigate and prosecute transnational bribery.”

oecd, norwayanti-corruptionlaws



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Norway praised over anti-corruption enforcement

Published on Friday, 1st July, 2011 at 15:05 under the news category, by John Price   .

An OECD report applauds Norway for tackling bribery and corruption in recent years.

Angel Gurria, OECD S-G (illus.ph.)
Angel Gurria, OECD S-G (illus.ph.)
Photo: OECD/Flickr


On its website following its visit to Oslo at the beginning of February this year, the world policy organisation’s writes that Norway’s progress in opposing bribery is “significant”.

The 52 page phase three report, released on Thursday, says that The Norwegian National Authority for Investigation and Prosecution of Economic and Environmental Crime (Økokrim) “continues to proactively investigate and prosecute transnational bribery.”

Norway has prosecuted three cases since enforcing foreign bribery legislation in 2003, including public officials overseas involved in business transactions. Each fine was equivalent to millions of Norwegian kroner.

According to the OECD, the country’s current financial situation is one of the vital factors when battling against corruption.

In the report, the OECD states that, “Norway was less impacted by the financial crises compared to many other OECD countries and also experienced a shallower recession, which came after one of the strongest periods of economic growth over the last 50 years.”

“The turnaround in oil prices, the specialisation of Norwegian exports in oil and gas, with rising gas exports and the high albeit declining levels of oil exports, helped mitigate some of the impact of the collapse in world trade in 2009.”

In order to continue its success, and improve the country’s crime rate and combat corruption, the OECD recommends Norway enforce anti-bribery laws when deciding whether to impose penalties on non-criminals.



Published on Friday, 1st July, 2011 at 15:05 under the news category, by John Price   .

This post has the following tags: oecd, norwayanti-corruptionlaws.





  
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