Detailed News

Victoria

Event Recap - China Anti-Bribery and Corruption - DFAT Update and Case Studies

08 May 2017

Managing the risks of foreign bribery and corruption overseas was the focus of our partnership event with the Department of Foreign Affairs and Trade, held at MinterEllison on 8 May.

Guest speakers Amanda Davis, Assistant Director, Transnational Crime Section, DFAT, and Ross Freeman and Chris Carr, Partners at MinterEllison provided insight into both Australia and China’s legal framework surrounding bribery and corruption, and offered case studies and practical advice for Australian businesses looking to mitigate risk and avoid prosecution.

Amanda highlighted DFAT’s important role in helping Australian businesses manage bribery and corruption risks abroad, and its role in assisting Australian companies under investigation in some cases. For Australian businesses transacting in China, the takeaway message was to establish effective internal safeguards and to be alert and aware of the ‘long arm of foreign jurisdictions’.

Ross and Chris emphasised the serious consequences of breaching anti-bribery and corruption laws, gave recent examples of breaches by Australian and overseas companies, and offered practical steps Australian companies could take to prevent investigation abroad. Where companies are subject to investigation (or likely to be), the resounding advice was to be proactive – be prepared to conduct your own investigation and be ready to engage good lawyers, forensic accountants and technology experts.

ACBC Victoria extends our thanks to MinterEllison for generously hosting the event. We also warmly thank DFAT for their participation in the event and their support in informing ACBC members on this important topic.