The recent Four Corners investigation into Russian influence in Australia has again highlighted the importance of robust due diligence to know your customers, contractors and business partners. Money laundering, lobbying, undue influence and inadequate due diligence all feature in this story. You can watch the episode here, and read the write up on the ABC’s Continue reading
News
Responsible Mining Business Integrity Tool launched
Posted on February 15, 2021
Transparency International has just launched an exciting new tool, the Responsible Mining Business Integrity Tool. The tool helps mining companies evaluate and strengthen their anti-corruption controls and procedures, with a specific focus on project licensing, permitting and acquisitions. With indicators selected from close to 40 international best practice standards and frameworks, this online and interactive Continue reading
Enactment of new Commonwealth money laundering offences
Posted on February 9, 2021
The Crimes Legislation Amendment (Economic Disruption) Bill 2020 was passed by Parliament on 3 February 2021. These reforms include new money laundering offences designed to address the behaviours of modern money laundering networks, including entities that launder the proceeds of foreign bribery. The OECD Working Group on Bribery has found that a substantial amount of Continue reading
Celebrating International Anti-Corruption Day 2020
Posted on December 8, 2020
Transparency International Australia reflects on 2020 and the impact of COVID-19 on bribery and corruption risks. This blog post tracks key developments in anti-corruption in Australia over the course of 2020, and highlights the importance of COVID-19 recoveries that are guided by the principles of transparency, accountability and integrity. This includes ensuring that due diligence Continue reading
Brisbane man arrested, two international warrants issued in foreign bribery investigation
Posted on November 20, 2020
Last month, following a nine year investigation into foreign bribery, the Australian Federal Police (AFP) made one arrest, and issued a further two arrest warrants, in relation to the Leighton Holdings case. This longest running foreign bribery investigation in Australia’s history relates to two crude oil contracts made in 2010 and 2011 between Leighton Offshore Continue reading
Commonwealth Integrity Commission consultations
Posted on November 10, 2020
The Australian Government is undertaking consultations on its proposed Commonwealth Integrity Commission (CIC) and supporting draft legislation. The proposed CIC would acts as a centralised, specialist centre investigating corruption in the public sector and would established as an independent statutory agency, led by the Integrity Commissioner and assisted by the Law Enforcement Integrity Commissioner and Continue reading
Recent posts
- 14/11/2024: Adequate Procedure Guide – Supporting Resources
- 13/11/2024: Adequate Procedure Guide – Supporting Resources