The commodities, energy and resources sectors are consistently
identified in the high-risk category for bribery and corruption.
This should hardly come as a surprise given that these sectors:
- Are inherently international in
nature
- Have a close association with other
high-risk sectors
- Have a major presence in
jurisdictions where bribery and corruption is rife
- Often rely upon local agents,
intermediaries and sub-contractors
As a consequence, anti-bribery laws remain a top-tier priority
for the global risk management of these sectors.
Australia's foreign bribery offence and the facilitation
payment defence
In Australia, bribing a foreign official is proscribed under
Division 70 of the Criminal Code. This legislation ensures that a
person can be prosecuted for offering or providing a bribe to
foreign officials for the purpose of obtaining business or an undue
business advantage. Like the UK Bribery Act and the US
Foreign Corrupt Practices Act (FCPA),
