Session 3: Tackling the Demand Side: Innovative Approaches to Combat Foreign Solicitation

Mar 26, 2025 | 10:30 AM - 12:00 PM
Main Room

Description

Bribery solicitation remains a pervasive challenge in global markets, undermining fair competition and public trust. While the OECD Anti-Bribery Convention has historically focused on combating the supply side of foreign bribery, the 2021 OECD Anti-Bribery Recommendation introduced new provisions to address bribery solicitation, marking a significant step forward. This session will explore innovative strategies developed by governments, businesses, and civil society to tackle the demand side of corruption, including collective action initiatives and measures to reduce extortion risks. Participants will discuss how enhanced cross-border collaboration and enforcement can help disrupt solicitation schemes while fostering greater accountability and fairness in international business. The session will also highlight the proactive role of companies in resisting solicitation, strengthening compliance programmes, and reporting corrupt practices. Tackling both the demand and supply sides of bribery is crucial to building a balanced and effective approach, ensuring systemic change and promoting integrity in global markets.