Tackling foreign bribery is hard work and made harder by weak laws that have not kept pace with the scale and complexity of the problem.
Business Integrity
Transparency International’s latest Exporting Corruption report finds that active enforcement against foreign bribery significantly decreased since 2018.
TIA has long called for an overhaul of our AML/CTF laws. The latest scandal demonstrates why we need to fix the holes in our regulatory system.
The proposed penalty is large enough to send a message. But the bigger issue is whether it will contribute to changing the culture in such organisations.
Business, multi-lateral institutions and civil society must give greater consideration to the nexus between corruption and human rights.
At the start of the covid-19 pandemic we raised concerns that emergency powers could be used to undermine accountability and wind back regulatory oversight.
Regulation of digital currency exchanges in Australia is not as robust as it should be.
AUSTRAC has filed a very detailed claim against Westpac and it’s a damning report.
AUSTRAC has filed a very detailed claim against Westpac and it’s a damning report.
Transparency International Australia (TIA) commends AUSTRAC, Australia’s financial intelligence agency, for investigating and legally pursuing all cases of alleged breaches of the Anti-Money Laundering and Counter-Terrorism-Financing Act (AML/CTF).