Self-reporting any suspected bribery of foreign officials to the appropriate law enforcement agencies can help to reduce legal exposures and protect your business’ reputation. There can also be reporting requirements to regulators, the ASX and other stakeholders where foreign bribery issues arise. Find out the different reporting obligations facing businesses and reasons why it might make sense to report. Learn about deferred prosecution agreements and how these might be one pathway to the timely resolution of bribery and corruption matters.
Category: Reporting
Suspected bribery of foreign public officials can be reported to the Australian Federal Police (AFP). This fact sheet tells you how. Companies that discover foreign bribery and do not report to the AFP may face increased liability for maintaining a corporate culture that tolerates bribery. Companies that report their own conduct can receive discounted penalties (and may not be prosecuted at all).