Fight against bribery

In accordance with the terms of the OECD Convention on combating bribery signed on 21 November 1997, Luxembourg has taken steps to criminally punish acts of bribery of foreign public officials, by implementing the OECD Anti-Bribery Convention into the Luxembourg law of 15 December 2001.

 

On 14 November 2006, the Working Party on Export Credits and Credit Guarantees of the OECD adopted a Recommendation aimed to strengthen measures to prevent bribery of foreign public officials. Further to this Recommendation, the Ducroire has developed an ethical Charter applicable to all transactions, be it for short-term or medium- and long-term export credits, and is committed in the fight against bribery by undertaking a due diligence in the award of official export credit support.

 

Thus, the insurance application form and the questionnaire for the allocation of financial support from the State inform the insured / applicant of the legislation in force and require an anti-bribery declaration as defined in the OECD Convention.

Photo - Assurance-Crédit