March 2015 (#199)


In this update:

  • Australian companies failing to report suspected corruption
  • Former Commonwealth Bank IT executive charged with bribery
  • New AFP foreign bribery case in Australia
  • Submarine Procurement – Will the Process Float?

Australian companies failing to report suspected corruption

An article in the Business Section of the Sydney Morning Herald (26.3.15) states, ‘Self-reporting to authorities of suspected foreign bribery and corruption by Australian companies is failing to occur, with top accounting firm Deloitte revealing it has investigated at least 100 potentially illegal acts involving local firms in the past two years…The revelations are likely to strengthen calls from the federal police to reform Australia’s anti-bribery regime to encourage companies to disclose suspected corruption.’

 

Former Commonwealth Bank IT executive charged with bribery

The Sydney Morning Herald and ABC News (18.3.15) have reported that a former Commonwealth Bank IT executive has been arrested and charged with bribery offences. The matter was investigated by NSW police officers and the US Federal Bureau of Investigation. On the general issue of private-private bribery, see comment from law firm, Baker & McKenzie.

 

New AFP foreign bribery case in Australia

The ABC News AM Program reports that ‘The Federal police have launched Australia’s second ever foreign bribery investigation. At the centre of the case is a Sydney-based construction company that has links to some of Australia’s most notorious terrorists, and a former NSW Attorney General…The bribery case is not linked to terrorism offences and the former politician is not a police suspect, but experts say it should serve as a wakeup call to the business community.’

 

Submarine Procurement – Will the Process Float?

The March 2015 TIA newsletter includes the following articles: Submarine Procurement – Will the Process Float?; Ending Money Laundering Impunity; Senate Committee to Probe Bribery of Foreign Officials; and Lessons from Olympus

 

EVENTS

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 #199

March 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.

 TI Australia does not necessarily endorse the views expressed in the materials linked to this e-Update; nor does it accept responsibility or liability for any loss, damage, cost or expense you might incur as a result of the use of, or reliance upon the materials which appear in the TI Australia e-Update.

Transparency International Australia

Email: tioz@transparency.org.au

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