It addresses private sector business activities along with public corruption. It includes provisions for international cooperation, in the form of extradition and mutual legal assistance, with respect to the covered offenses. It is the mechanism for monitoring countries' implementation of Convention obligations. Activities to monitor compliance include questionnaires, and country visits by designated evaluation teams. Its sanctions include the possibility of publicly disclosing inadequate national anticorruption measures.
Convention is the third significant multilateral treaty against corruption in recent years.
The Inter-American Convention is somewhat narrower than the CoE Convention in regard to criminalization. It addresses both domestic and transnational bribery, but only when public officials are involved. Its international cooperation aspects are similar to the CoE Convention, but it includes no monitoring mechanism. However, it includes a broad range of measures to prevent acts of public corruption, a feature not present in the other instruments. The OECD Convention is narrowly focused on obliging parties to make it a criminal offense for a person or enterprise to offer, promise or give bribes to foreign public officials in international business transactions.