Australia has taken recent steps to strengthen its anti-bribery and corruption regime by proposing amendments to the foreign bribery offence in the Criminal Code Act 1995 and proposing to introduce a deferred prosecution agreement (DPA) scheme. The business community has welcomed these proposed changes.
Closer alignment with international anti-bribery and corruption standards has already been achieved by many Australian businesses, a large number of which are operating across borders and in multiple jurisdictions.
This article was first published in the July 2017 issue of Governance Directions, the official journal of Governance Institute of Australia.
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