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 Continue reading
News
2021 Corruption Perceptions Index released
Posted on January 27, 2022
Transparency International has released its annual Corruption Perceptions Index (CPI) for 2021, with Australia scoring its lowest result yet, ranking 18th in the world with a score of 73 out of 100. Since 2012, Australia’s score has dropped 12 points, and its rank in the global index has fallen 11 places (from 7th place in 2012). Of Continue reading
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
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