Companies providing offshore services should always ask the client company whether it is not a company receiving public funds or a company trading with the state or with public companies. If the response was positive, the company should not be able to receive any offshore services; false statement should be punished by criminal sanctions.
If companies providing offshore services were obliged to ask their clients whether or not they receive public funds or contract with state or enterprises serving public interests, and if clients had a reciprocal obligation to provide a true answer, it would be possible to foresee an effective criminal sanctions for those clients who provide a false response. At the same time the honest providers of offshore services would be protected by this rule.
Sources:
- OECD: Bribery in Public Procurement: Methods, Actors and Counter Measures, OECD Publishing, 2007, p. 31.
- Vondráček, O., Havrda, M., 21 recipes – Anti-corruption cookbook, Recipe 21: Provision of offshore services to the companies receiving public funds, December 2013
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