(Photo: Jessica Hromas)
Anti-corruption experts in the US and Europe have urged Australia to properly resource and empower its anti-bribery regime as Australia emerges as the “dumping ground” for dirty money from Asia.
Officials believe that under-resourcing, ineffective laws and competing priorities between the federal police and corporate watchdog ASIC are a factor in the failure to resolve many cases.
The call comes after Fairfax Media revealed Australian involvement in one of the biggest bribery scandals to ever hit – a scandal that has implicated a number of Australian firms and executives including the offshore arm of Leighton Holdings and WorleyParsons.
The full original article can be found at smh.com.au