April 29, 2016Michael Sutherland-Shaw
The time is now for Argentina to fight corruption and put an end to foreign bribery, according to the OECD.
For more than 15 years, the OECD Working Group on Bribery in International Transactions has urged the South American nation to combat corruption through new laws for foreign and domestic business as well as establishing a bolstered judicial system that eliminates delays in criminal proceedings.
With that being said, the OECD is confident recent legislative reforms and the Justice 2020 plan announced by President Mauricio Macri’s government is a step in the right direction. Justice 2020 includes provisions to strengthen whistleblower protection and a new criminal procedural code.
“Argentina right now has a good opportunity to enact fundamental and far-reaching reforms to strengthen its fight against corruption and foreign bribery,” said Drago Kos, Chair of the Working Group on Bribery during a trip to Buenos Aires.
Earlier this week, the OECD Working Group arrived in the country’s capital to discuss these issues with senior officials from the Ministry of Justice and Human Rights, the Anti-Corruption Office, Ministry of Foreign Affairs and Worship, federal judiciary, and representatives of the Argentine congress.
“By working together and promptly enacting these reforms, the Argentine government and Congress can demonstrate to its citizens and foreign investors alike that this country has the necessary political will to eradicate corruption,” said Kos.
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