The Australian Government needs to address, without delay, the weaknesses in our laws and efforts to ensure Australia joins countries like the United Kingdom, United States and Canada as leaders in combatting bribery; and fully implement its commitments under the OECD Convention, including full implementation of all OECD Working Group recommendations.
Transparency International’s 2018 Exporting Corruption report found that out of 44 parties to the OECD Anti-Bribery Convention only seven countries are in the top active enforcement category and four are in the next moderate enforcement category.
The Supreme Court of Victoria has fined Securency and Note Printing Australia, who pleaded guilty, for their role in foreign bribery. However, no directors will be held to account for these shocking events because the case was bungled by law enforcement agencies.
a Deferred Prosecution Agreement (DPA) scheme in Australia, will only be an effective tool in combating bribery and corruption if it is part of a package of reform measures, and not viewed as a ’get- out-of-jail free’ card by offending corporates.
This is an independent assessment of the enforcement of the Organisation for Economic Co-operation and Development (OECD) Anti-Bribery Convention, which requires parties to criminalise bribery of foreign public officials and introduce related measures.
Australia must have adequate laws and legal processes in place to enable it to implement fully its commitments under the OECD Convention.
This is a guide for companies on managing incentives to deter bribery and corruption and other unethical conduct and to encourage good behaviour.
This report provides practical advice on addressing the challenges of managing third party bribery risk. Although aimed at larger companies, the content may also be helpful to small and medium enterprises (SMEs) as well as regulators, prosecuting agencies and professional advisers.
Bribery of public officials – or the giving or promise of any valuable consideration to an official, in order to influence or corrupt their performance of an official or public duty – is well recognized as one of the most direct and damaging forms of corruption, worldwide.
This report provides a framework for companies to develop comprehensive anti-bribery programmes. Whilst many large companies have no-bribes policies all too few implement these policies effectively. We encourage companies to consider using the business principles as a starting point for developing their own anti-bribery programmes or to benchmark existing ones.