The Convention is aimed at controlling key manifestations of corruption which involve foreign public officials. The document provides for an obligation for a signatory country to establish in its national law the liability of natural and legal persons for the bribery of a foreign public official in international business transactions. Signatory countries must fulfil their obligation to combat bribery of foreign public officials by carrying out pre-trial investigations or launching criminal proceedings in international cases of bribery of public officials as well as by determining that both natural and legal persons are subject to effective, proportionate and dissuasive sanctions. Each Party under the Convention must take such measures which would ensure that the bribe and the proceeds of the bribery of a foreign public official, or property the value of which corresponds to that of such proceeds, are subject to seizure and confiscation or that monetary sanctions of comparable effect are applicable.
Membership of the Organisation for Economic Co-operation and Development (OECD) is one of Lithuania’s top priorities. Lithuania must, among other conditions for OECD accession, ratify this Convention.
