Government Investigations & White Collar Crime

Foreign bribery update - Commonwealth laws to tackle false accounting have now commenced

Contact: Audine Bartlett, Senior Associate; Carter Newell (Queensland, Australia) 

As of 1 March 2016, Australia is a step closer to addressing legislative gaps identified by the Organisation for Economic Co-operation and Development (OECD) with respect to Australia’s anti-bribery obligations under international law.

The OECD has previously noted that Australia’s existing laws either do not apply in a wide enough range of circumstances to properly criminalise false accounting in the context of paying bribes, or do not apply adequate sanctions.

To read the full article click here, or visit www.carternewell.com.

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