December BPN Update

Posted on December 21, 2021

The December BPN Update is here, just in time for the holiday season. Find out the latest news and events from the BPN, and learn more about the Bribery Prevention Hub in our ‘spotlight’ on case studies. Read here. Continue reading

Updated foreign bribery online learning module released

Posted on December 15, 2021

The Attorney-General’s Department has launched a revised version of its foreign bribery online learning module. This short interactive training module provides industry and government with information about Australia’s anti‑bribery regime including relevant laws and where they apply, what conduct can constitute a bribery and who is a foreign public official. The module also outlines steps Continue reading

Launch of revised OECD Anti-Bribery Recommendation

Posted on December 15, 2021

The OECD has launched new guidance designed to assist countries and businesses in combating the bribery of foreign public officials. Launched on International Anti-Corruption Day, the 2021 Recommendation for Further Combating Bribery of Foreign Public Officials in International Business Transactions includes the revised Annex II Good Practice Guidance on Internal Controls, Ethics and Compliance which Continue reading

Company whistleblower policies falling short

Posted on December 14, 2021

Company whistleblower policies are not meeting the relevant requirements – this is the key message from an ASIC select review of whistleblower policies from public companies, large proprietary companies and trustees of registrable superannuation entities (RSEs). ASIC is calling on CEOs of these entities to review and revise their whistleblower policies to ensure they comply Continue reading

Serious corruption now targeted under Autonomous Sanction Act 2001 (Cth)

Posted on December 12, 2021

Allens has published guidance to support Australian businesses following the passage of amendments to Australia’s autonomous sanctions framework. The amendments could result in the proliferation of Australian sanctions and more dispersed sanctions compliance risk for Australian businesses. These sanction – which will be applied as economic, financial and trade restrictions – will target serious corruption, serious Continue reading

International Anti-Corruption Day

Posted on December 8, 2021

Today marks International Anti-Corruption Day. This year, International Anti-Corruption Day seeks to highlight the rights and responsibilities of everyone – including the private sector – in tackling corruption. Corruption damages businesses – companies that counter corruption also strengthen their brand value, enhance their business performance, and protect their reputation. Governments cannot counter corruption on their own and Continue reading