The Bribery Prevention Network aims to support Australian businesses in addressing bribery and corruption risks in domestic and international markets.
Australia has launched a new Bribery Prevention Network, aimed at supporting businesses to prevent, detect and address bribery and corruption.
Among its members are the AFP (Australian Federal Police), top ASX-listed companies, government organisations, academia, and civil society – with the shared goal of supporting Australian businesses to address bribery and corruption.
Hosted by Global Compact Network Australia (GCNA) – the local network of the United Nations Global Compact – and curated by Australia’s leading anti-bribery experts, the Bribery Prevention Network offers a free online portal of resources to help Australian companies – including SMEs – manage bribery and corruption risks in domestic and international markets.
Bribery and corruption hinder the achievement of the UN Sustainable Development Goals (SDGs), undermining the rule of law and eroding trust between governments and citizens, says AFP superintendent for crime strategy, Greg Hinds.
“While there is a wealth of anti-bribery and corruption resources available globally, we understand it can be difficult to find and even harder to know what is relevant and reliable. The Bribery Prevention Network is committed to providing a central repository of trusted resources to mitigate bribery and corruption risks within businesses and their supply chains so that they operate successfully, legally and responsibly.”
Transparency International Australia, BHP, Westpac, ANZ Bank, Commonwealth Bank, KPMG Australia, Allens and the Australia-Africa Minerals & Energy Group (AAMEG) are also members of the Bribery Prevention Network.
“We have zero tolerance of bribery, corruption and facilitation payments, and while we have made good progress on detecting, deterring and disrupting financial crime, we will continue to stay vigilant on all aspects of financial crime compliance,” said Commonwealth Bank executive general manager John Fogarty.
The bank has committed to supporting Australian businesses by providing them with the knowledge and tools they need to reduce the impacts of corruption on their customers and communities.
More information about the Bribery Prevention Network is available here.