Examination of Financial Corruption with a focus on Bribery and in light of Palermo & Merida Conventions

Corruption is one of the problems that humanity has always been grappling with. It is now one of the problems affecting the countries of the world. The issues related to corruption have always been a big headache for governments and a lot of political thinkers and experts. Corruption has had many disorders for human societies and numerous wars, violent events, and uprisings against the ruling civilizations, destruction of organizations and tumultuous communities have been the results of this baleful phenomenon. All in all, corruption is among the factors contributing to the collapse of civilizations. Bribery as one of the most glaring instances of financial corruption has now been turned into a huge problem and its methods and practices have been rising and are becoming increasingly varied. This makes it even more necessary to get to know the offence. In this paper, it has been tried to first look into the issue of financial corruption in general and then examines it under the United Nations Convention against Transnational Organized Crime and United Nations Convention against Corruption better known as the Palermo and Merida respectively. Finally the two different approaches adopted by the said conventions are compared with the domestic laws of Iran.