In this update:
- Foreign Bribery – Australian Government statement
- Japan to Vietnam: give back our bribe money
- Transparency in public procurement – moving away from the abstract
- UK company transparency: one less place to hide
- Transparency International’s new ‘Corruption in Sport Initiative’
- PWYP Australia Coordinator Position
After more than two years, the OECD has released the Australian Government’s detailed response to the raft of the Phase 3 recommendations made in 2012 to strengthen our enforcement of the ban on bribery of foreign officials. This includes comment on items identified for follow up, particularly those related to Securency progress and any other emerging case law.
The FCPA Blog notes that ‘Japan suspended aid for a $41 million railway project in Hanoi until Vietnam returns $782,000 in bribe money a Japanese contractor gave officials at Vietnam’s state railway company’.
Cobus de Swardt, Managing Director of Transparency International, has commented on the dangers of corruption in relation to ‘Around US$9.5 trillion of public money…spent each year by governments procuring goods and services for citizens’.
Transparency International has noted that UK legislation requiring the true owners of UK companies to be made public, has received the final sign off in Parliament.
Transparency International has launched this new initiative in response to scandals, noting that sport is a global industry, with revenues larger than China’s military budget or the nominal GDP of more than two-thirds of the world’s countries.
27 April 2015 (midnight UK time) – release in London of 2015 Defence Companies Anti-Corruption Index
11-14 May 2015 – Learn the Essentials of Compliance Management: the Basic Compliance & Ethics Academy Australia – a three-and-a-half-day intensive training program.
COORDINATOR POSITION ADVERTISED
Publish What You Pay Australia is seeking a Coordinator to build the PWYP Coalition to achieve greater financial transparency and accountability in the Australian Extractives Sector.
TI Australia e-Update #200
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