April 2015 (#201)


In this update:

  • Highly Critical Report on Australia for Anti-Money Laundering Failures
  • 2015 Defence Companies Anti-Corruption Index
  • Joint Venture Buyout Case investigation re-opened
  • ICAC in NSW seeks political rescue

Highly Critical Report on Australia for Anti-Money Laundering Failures

The authoritative, just-released assessment of Australia’s Anti-Money Laundering (AML) system by the international AML standard setter, the Financial Action Task Force (FATF) is highly critical of Australia for several reasons.

 

2015 Defence Companies Anti-Corruption Index

Corruption in the defence sector is a major global problem. This TI-UK Index assesses and gives rankings of 163 defence companies from 47 countries, focusing on the transparency and quality of their ethics and anti-corruption programs.

 

Joint Venture Buyout Case investigation re-opened

The OECD Phase 3 Anti-Bribery Report on Australia notes a ‘Joint Venture Buyout Case’ where investigation was terminated by the AFP before 2012. The case has apparently re-emerged in the media as under renewed investigation by the authorities. A report in the business pages of The Australian of 27 April gives details.

 

ICAC in NSW seeks political rescue

The ICAC in NSW is appealing to the Premier for political action to address the substantial problems it perceives with its jurisdiction and with a number of important findings it has made arising out of its inquiries. A top level meeting is being convened this week.

 

EVENTS

Corruption Prevention Course for Managers – Sydney: a series of day-long courses aimed to raise participant’s awareness of the issue of corruption and corruption risk, and equip them with a basic knowledge of the principles of corruption prevention, and the practical steps that can be taken to protect their organisation.

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.

  TI Australia e-Update #201

April 2015

TI Australia is the Australian national chapter of Transparency International (TI), an international not-for-profit organisation devoted to curbing corruption worldwide. The TI Australia e-Update is a monthly update giving information on the fight against corruption in Australia and worldwide. Coloured and underlined text indicates a live internet link – click on the link to view the document.

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Transparency International Australia

Email: tioz@transparency.org.au

Website: http://transparency.org.au/tia