...but level of enforcement is still considered inadequate by
anti-corruption watchdog Transparency International
A month after Transparency International
("TI") published its 2010 annual
progress report on enforcement of the OECD Anti-Bribery Convention,
the Australian Federal Police have charged two Reserve Bank of
Australia subsidiaries, Securency and Note Printing Australia, with
offences under the Criminal Code Amendment Act: Bribery of
Foreign Public Officials.
In addition to charges against the two banknote printing
companies, the AFP arrested and charged six of their former
executives in a series of dawn raids in Melbourne last Friday. The
charges relate to a scheme in which the executives paid bribes to
senior politicians and officials across Asia in exchange for
banknote printing contracts between 1999 and 2005.
