Denmark vulnerable to foreign bribery – report

The OECD has published a report strongly criticizing Denmark’s approach to combating bribery involving foreign companies or individuals, along with several recommendations (see factbox) to improve the situation.

The report, published by the OECD’s working group on bribery, said Denmark places “insufficient priority on preventing, detecting and sanctioning foreign bribery” and must urgently step up its efforts to combat it.

So far, only one company has been convicted of foreign bribery in Denmark, and no individuals. This is despite several credible claims, including those published in the media.

The report pointed to the “significant vulnerability” of Danish companies when it comes to bribery. It cited a lack of interest in investigating allegations, a lack of funding and a lack of adequate resources as reasons why law enforcement is underperforming in this area.

Just not interested?
The report speculated that part of the reason why bribery is not sufficiently punished in Denmark is the general perception that domestic corruption is low in the country.

It also indicated a number of positive developments, such as Denmark’s strengthening of its anti-money laundering regime and increased provisions to protect whistleblowers.

Danish companies show a high degree of awareness of foreign bribery risks and have good measures to limit corruption.

Low conviction
The only case of foreign bribery that has so far led to a conviction in Denmark is the case of Hempel, a company that manufactures paint for ships.

The company was sentenced to pay 33 million for “unlawful sales practices” carried out in 2017.

However, no individuals were prosecuted and the company continues as a major player in the marine coatings industry.

READ ALSO: Why the mafia believes in Denmark. And how Denmark has made them a fortune

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Source: The Nordic Page




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