The OECD Working Group on Bribery in International Business Transactions has recognised Australia’s increased enforcement of the foreign bribery offence against companies. In December 2021, Australia provided an update to the OECD Working Group on Australia’s progress implementing measures to strengthen enforcement as recommended during the Phase 4 evaluation cycle. The OECD Working Group noted multiple proceedings were being brought or considered against companies in three foreign bribery cases.
A copy of the OECD Working Group’s 2021 Addendum to Australia’s Phase 4 follow-up report can be accessed here.
Learn more about Australia’s foreign bribery offence and enforcement efforts here.