News & Analysis as of

Bribery Australia

NAVEX

Why Regulatory Compliance in Australia is More Than Just a Checkbox

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GRC compliance is critical for any business operating in Australia. Whether your business is a startup, multinational, or somewhere in between, staying on top of your legal obligations is the difference between building trust...more

Thomas Fox - Compliance Evangelist

10 For 10: Top Compliance Stories For the Week Ending May 10, 2025

Welcome to 10 For 10, the podcast that brings you the week’s Top 10 compliance stories in one podcast each week. Tom Fox, the Voice of Compliance, brings you the compliance professional and the compliance stories you need to...more

Morrison & Foerster LLP

Corruption Perceptions Index 2024: A “Dangerous Problem” Globally, with More Expected from Governments in Asia Pacific

On February 11, 2025, Transparency International (TI) published its annual Corruption Perceptions Index (CPI) for 2024. TI observes that corruption remains “a dangerous problem in every part of the world, but change for the...more

Morrison & Foerster LLP

Top 10 International Anti-Corruption Developments for September 2024

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Designed for busy in-house counsel, compliance professionals, and anti-corruption lawyers, this newsletter summarizes some of the most important international anti-corruption law and enforcement developments from the past...more

NAVEX

Australia is Combatting Foreign Bribery

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Australia has a zero-tolerance approach to corruption, and this policy knows no border or nationality. Bribery or attempts to bribe foreign public officials are considered severe crimes, as mentioned in division 70 of the...more

K&L Gates LLP

Anti-Bribery and Corruption Update

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Earlier this year, Australia enacted the Crimes Legislation Amendment (Combatting Foreign Bribery) Act 2024 (the Act) in an attempt to strengthen the country’s anti-bribery and corruption regime. The Act, which overhauls...more

A&O Shearman

Combatting foreign bribery: A closer look at Australia’s new legislation

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The guidance recommends that companies put in place controls that are proportionate to their operations, including the level of its exposure to foreign bribery risks and its business activities, which includes the...more

Hogan Lovells

Australia’s new anti-foreign bribery regime – government publishes important guidance

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Six months after the passage of the Crimes Legislation Amendment (Combatting Foreign Bribery) Act 2024, the Australian government has published important guidance on the “adequate procedures” companies should have in place in...more

Jones Day

Substantial Strengthening of Australia's Foreign Bribery Laws: Are Your Procedures up to Scratch?

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The Situation: The Australian Federal Parliament has passed the Crimes Legislation Amendment (Combatting Foreign Bribery) Act 2024 ("Act"), some six years after a bill to create a 'failure to prevent' foreign bribery offence...more

A&O Shearman

Regulators and reforms: how Australia tackled white collar crime in 2023 and what to expect in 2024

A&O Shearman on

Regulators and enforcement authorities in Australia intensified their efforts to curb white-collar crime in 2023. They targeted fraud, money laundering, tax evasion, cybercrime, and corruption across multiple industries,...more

A&O Shearman

New Australian case pushes maximum penalties for corporate wrongdoing higher

A&O Shearman on

Given the widespread use of “benefit” to calculate penalties across the corporate landscape, a new Australian High Court decision could have a significant impact on all corporations and directors that face civil or criminal...more

A&O Shearman

Penalising benefits obtained from wrongdoing: more bark than bite?

A&O Shearman on

The High Court of Australia has reserved judgment in an appeal considering how to determine the value of a corporation’s “benefit” derived from foreign bribery, for the purpose of setting the maximum penalty for the offence....more

Jones Day

The Future Direction of Corporate Criminal Responsibility in Australia

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On 31 August 2020, the Australian Law Reform Commission's Final Report on Corporate Criminal Responsibility was tabled in Parliament. The Final Report makes significant recommendations for reform of corporate criminal...more

Hogan Lovells

The Australian Government introduces the Crimes Legislation Amendment (Combatting Corporate Crimes) Bill 2019 (Cth) targeting...

Hogan Lovells on

Recently, three of Australia's four largest banks have self-reported breaches of anti-money laundering and counter-terrorism financing laws. Commonwealth Bank of Australia in 2018 admitted fault and agreed to pay a civil...more

A&O Shearman

Australia proposes robust new foreign bribery laws

A&O Shearman on

On Monday 2 December, the Australian Government introduced into the Senate the Crimes Legislation Amendment (Combatting Corporate Crime) Bill 2019 (Cth) (“Foreign Bribery Bill”). This Bill proposes to fundamentally shift the...more

Jones Day

Changes Ahead for Australia’s Corporate Criminal Liability Regime

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The Situation: At the direction of the Attorney General of Australia, the Australian Law Reform Commission ("ALRC") is undertaking a comprehensive review of Australia's Commonwealth corporate criminal liability regime. The...more

Robins Kaplan LLP

Your Daily Dose of Financial News

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Now to be fair, Starbucks Executive Chair Howard Schultz has stepped away before.  But this time feels more definitive, especially with the call of politics apparently swimming around in his post-Sbux plans....more

A&O Shearman

Australian agencies responsible for the enforcement of foreign bribery laws release self-reporting guidelines

A&O Shearman on

The Australian government agencies responsible for investigating and prosecuting foreign bribery have released joint best practice guidelines that indicate how they will approach self-reporting by companies voluntarily...more

Jones Day

"Absolute Liability" for a Failure to Prevent Foreign Bribery: Significant Change Ahead in Australia?

Jones Day on

On 6 December 2017, Australia's Federal Government tabled the Crimes Legislation Amendment (Combatting Corporate Crime) Bill 2017 ("Bill"), which contains various amendments to Australia's foreign bribery regime, including...more

Morrison & Foerster LLP

Top Ten International Anti-Corruption Developments for September 2017

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In order to provide an overview for busy in-house counsel and compliance professionals, we summarize below some of the most important international anti-corruption developments from the past month, with links to primary...more

Morrison & Foerster LLP

Top Ten International Anti-Corruption Developments for April 2017

In order to provide an overview for busy in-house counsel and compliance professionals, we summarize below some of the most important international anti-corruption developments from the past month, with links to primary...more

A&O Shearman

Government proposes shake-up of Australia's foreign bribery laws

A&O Shearman on

The Australian Government is currently considering amendments to its foreign bribery laws. The proposed amendments include a new corporate offence of failing to prevent foreign bribery and a model for a deferred prosecution...more

Thomas Fox - Compliance Evangelist

Will the FCPA Go Down Under (again)?

We do not often have the chance to go ‘down under’ at the FCPA Compliance and Ethics Blog. However, there is a case brewing that may have some Foreign Corrupt Practices Act (FCPA) implications as well as Australian...more

Dorsey & Whitney LLP

This Week In Securities Litigation

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The Commission filed another group of settled actions under its initiative regarding municipal bond underwriters. This time a group of fourteen actions were filed. Each centered largely on claims that the underwriter failed...more

Dorsey & Whitney LLP

This Week In Securities Litigation

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The SEC filed three actions following-up on its settled proceeding against Oppenheimer for selling millions of shares of unregistered penny stocks. Each individual settled with the agency. In addition, the Commission brought...more

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