Guidance on adequate procedures to prevent the commission of foreign bribery
The Crimes Legislation Amendment (Combatting Foreign Bribery) Act 2024 came into effect on 8 March 2024 and introduced a new corporate offence of failing to prevent foreign bribery. The legislation requires the Attorney-General to publish guidance material on what steps corporations can take to prevent an associate from bribing foreign public officials within 6 months.
In August 2024, we published the Guidance on adequate procedures to prevent the commission of foreign bribery.
It outlines the steps corporations can take to establish an effective anti-bribery compliance program and suggests types of controls to consider when implementing such a program.
The guidance sets out 6 elements to assist corporations in establishing ‘adequate procedures’.
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