Global Contagion Report: Securency International
Friday, March 15, 2013 at 8:08AM
Global Contagion Report in Australia, Elizabeth Masamune, Herman Joseph Susmanto, Le Duc Thuy, Malaysia, Mohamed Daud Dol Moin, Nepal, Reserve Bank of Australia, Securency, Vietnam

Country: Australia

Company Involved: Securency International

Industry: Financials

Industry Subsector: Banks

Officials Involved: Herman Joseph Susmanto, Indonesian central bank currency chief; Le Duc Thuy, former Vietnam State Bank governor; Mohamed Daud Dol Moin, former assistant governor of the Malaysian central bank; Elizabeth Masamune, former senior Austrade commissioner

Enforcement Action: Charge

Summary: A total of nine former executives of the Reserve Bank of Australia (RBA)'s banknote-printing unit Note Printing Australia and its sister company, Securency International, have been charged by Australian authorities with bribing officials in Malaysia, Indonesia, Nepal, and Vietnam to win lucrative contracts. Last month, the RBA completed the sale of its 50-percent stake in Securency.

Article originally appeared on The FCPA Blog (http://www.fcpablog.com/).
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