After several years of development, involving input from over 50 countries, the International Organisation for Standardisation (ISO) has finally published ISO 37001: Anti-Bribery Management Systems Standard – a new international standard designed to assist organisations worldwide in implementing and maintaining effective anti-bribery systems.
The Crimes Legislation Amendment (Proceeds of Crime and Other Measures) Bill 2016 received Royal Assent, with significant implications for Australian companies and their foreign subsidiaries’ anti-bribery compliance programs.
Recent press relating to alleged bribes paid in the context of procurement of IT services are a timely reminder that criminal offences exist under Australia law for bribery even where there are no public officials involved. Companies frequently, and understandably, focus on interactions with public officials when considering compliance measures…
On 28 October 2014, the Corporations Amendment (Publish What You Pay) Bill was tabled in Parliament. The Bill requires Australian based companies or their subsidiaries, which are engaged in resources extraction activities or projects, to lodge a report with the Australian Securities and Investments Commission (ASIC) if they make payments…