find the latest legal job
Corporate Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Highly-respected, innovative and entrepreneurial Not-for-Profit · Competency based Board
View details
Chief Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Dynamic, high growth organisation · ASX listed market leader
View details
In-house Projects Lawyer | Renewables / Solar | 2-5 Years PQE
Category: Generalists - In House | Location: All Australia
· Help design the future · NASDAQ Listed
View details
Insurance Lawyer (3-5 PAE)
Category: Insurance and Superannuation Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Dynamic organisation ·
View details
Legal Counsel
Category: Corporate and Commercial Law | Location: North Sydney NSW 2060
· 18 month fixed term contract · 3-5 years PQE with TMT exposure
View details
Foreign bribery law enforcement on the rise

Foreign bribery law enforcement on the rise

As the federal government begins to establish specialised fraud and anti-corruption teams across the country, the enforcement of foreign bribery laws is set to increase, according to a global firm.

In April 2016 the government announced a $15 million strategy to tackle complex fraud, foreign bribery and corruption cases.

Justice Minister Michael Keenan launched the first team in Perth on 5 September to investigate foreign bribery, and confirmed that similar teams will be set up in Melbourne and Sydney.

“The introduction of specialist teams is the most significant indication to date that Australian companies will face increased scrutiny when it comes to their operations overseas,” said Jason Gray, Allen & Overy counsel and Australian anti-bribery practice leader.

“It’s likely the first team in Perth will focus on cases involving the mining and resources sector, particularly mid-tier companies with operations in developing areas of Asia and Africa.

“These are the most ‘at-risk’ businesses, that may not have previously invested as heavily in risk-based anti-bribery and corruption compliance programs designed to prevent and detect potential violations of law.”

Other developments in recent months have also reflected the increased focus on foreign bribery law enforcement, including an inquiry intended to strengthen Australia’s foreign bribery laws, announced by the Senate last year.

In March 2016 the government also introduced new false accounting offences and the Attorney-General’s Department released a public consultation paper on the introduction of deferred prosecution agreements for serious corporate crimes.

“The OECD and Transparency International have long criticised Australia’s lack of enforcement and, while the government has talked a tough game on foreign bribery, the rhetoric is now being matched with concrete investment and the first tangible sign of increased investigative tools and resources,” Mr Gray said.

“For Australian companies operating in industries and jurisdictions with a high risk for bribery and corruption, it is an opportune time to get ahead of the regulatory curve.”

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Foreign bribery law enforcement on the rise
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
LCA president Fiona McLeod SC
Aug 17 2017
Where social fault lines meet the justice gap in Aus
After just returning from a tour of the Northern Territory, LCA president Fiona McLeod SC speaks wit...
Marriage equality flag
Aug 17 2017
ALHR backs High Court challenge to marriage equality postal vote
Australian Lawyers for Human Rights (ALHR) has voiced its support for a constitutional challenge to ...
Give advice
Aug 17 2017
A-G issues advice on judiciary’s public presence
Commonwealth Attorney-General George Brandis QC has offered his advice on the public presence of jud...
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...