Law360, New York (November 05, 2010, 4:58 PM ET) -- On Oct. 21, 2010, the Organization for Economic Cooperation and Development (OECD) issued its much-anticipated "Phase 3" report. This weighty report formally grades the U.S.' constantly constricting anti-bribery enforcement noose, concluding that U.S. efforts provide a model other nations seeking to similarly fortify their anti-corruption efforts should emulate.

The OECD points the shaming finger at signatory nations not living up to their anti-bribery obligations, and in its report also identifies certain discrete areas for U.S. improvement. But the deep-dive assessment's bottom-line message is that the U.S....