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

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

The BPN has launched a series of new case studies to support businesses working through the challenges associated with preventing, detecting and addressing bribery and corruption. Each case spotlights a different anti-bribery issue or procedure, including: Implementing an anti-bribery and corruption policy Implementing a whistleblower policy Conducting thorough due diligence Facilitation payments Investigating an internal Continue reading

The Australian Government has committed to amending the Autonomous Sanctions Act 2011 (Cth) to introduce a worldwide sanctions regime by the end of the year. This regime, which will impose sanctions on serious international offenders regardless of where in the world their conduct occurred, will target both human rights abuses and wider ‘thematic’ international issues, including grand Continue reading

If you missed our first webinar, held in conjunction with the Trust, Ethics and Governance Alliance, you can catch up here. Continue reading

Failure to implement and maintain a culture of compliance can lead to a range of corruption risks to a business not limited to bribery. Businesses should be aware that where market misconduct has occurred (as a result of dishonesty or other types of deceptive conduct), there are incentives available for certain individuals that reveal suspected Continue reading