AUSTRALIA’S BRIBERY AND MONEY LAUNDERING LEGISLATION: SLOW UPTAKE OF INTERNATIONAL STANDARDS
November 2nd, 2020
DESPITE Australia’s uninterrupted economic growth since 1991 ahead of the Covid-19 pandemic, lax rules on bribery and money laundering have dented its government’s reputation. Reforms to the country’s foreign bribery and commercial crime laws are on the horizon and there is talk about lawyers, accountants and real estate agents having to report on suspicious transactions, but progress has been painstakingly slow. Barbara Barkhausen reports from Sydney.
IT all started out seemingly well: in 1999, when the OECD Convention on Combating ...
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