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Richard L. Cassin Publisher and Editor

Andy Spalding Senior Editor

Jessica Tillipman Senior Editor

Harry Cassin Managing Editor


Elizabeth K. Spahn Editor Emeritus

Cody Worthington Contributing Editor

Julie DiMauro Contributing Editor

Thomas Fox Contributing Editor

Marc Alain Bohn Contributing Editor

Bill Waite Contributing Editor

Shruti J. Shah Contributing Editor

Russell A. Stamets Contributing Editor

Richard Bistrong Contributing Editor 

Eric Carlson Contributing Editor

Bill Steinman Contributing Editor

Aarti Maharaj Contributing Editor


FCPA Blog Daily News

Entries in Australia (63)

Friday
Mar152013

Global Contagion Report: Securency International

Country: Australia

Company Involved: Securency International

Industry: Financials

Industry Subsector: Banks

Click to read more ...

Monday
Mar112013

Global Contagion Report: Redflex

Country: United States

Company Involved: Redflex Traffic Systems

Industry: Industrials

Click to read more ...

Thursday
Dec202012

Gold and graft: how the top producers rank on the CPI

Countries rich in natural resources are often corrupt, or so it seems.

Click to read more ...

Wednesday
Dec052012

The 2012 Corruption Perceptions Index

Transparency International released its 2012 Corruption Perceptions Index (CPI) today, suggesting that levels of bribery, abuse of power, and secret dealings are still perceived to be very high in most countries.

Click to read more ...

Thursday
Nov292012

Coal scandal engulfs Australia 

Australia is in the midst of a major corruption scandal involving the suspicious awards of coal exploration licenses that may have benefited a government official and his family by $100 million.

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Wednesday
Nov072012

Zimmer's latest FCPA disclosure (November 2012)

Medical device maker Zimmer Holdings, Inc. said in an SEC filing yesterday that it can't predict the outcome of DOJ and SEC investigations into its overseas sales practices.

Click to read more ...

Tuesday
Oct092012

Plot thickens in Aussie Reserve Bank corruption probe

The government investigation into the Reserve Bank of Australia led last week to RBA’s subsidiary, Austrade, and allegations of massive bribes paid to a Vietnamese spy by his Australian lover.

Click to read more ...

Thursday
Sep152011

U.K. Arrest In Securency Case

The Guardian today reported the arrest of a British businessman who allegedly paid for the son of a Vietnamese state bank governor to attend Durham University in the U.K. in exchange for a banknote printing deal.

Click to read more ...

Monday
Jun202011

China's Hit And Run Corruption

China's central bank said corrupt government officials there have stolen more than $120 billion and fled overseas, mainly to the U.S. Here's a story from the BBC.

Click to read more ...

Tuesday
Nov022010

Fit To Lead?

On the new CPI, America landed just ahead of Uruguay, France, and Estonia -- a neighborhood not well known for iron-fisted compliance. What's that mean for FCPA enforcement?

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Thursday
Oct072010

Securency Case Blows Wide Open

The long-simmering Securency scandal erupted this week, with arrests in the U.K. and Spain, and searches of houses and businesses in England, Spain, and Australia.

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Wednesday
Jul072010

Bribes That Breach Security

Hologram on a 50-Euro bill.Last week Canadian authorities said they've charged Nazir Karigar, a Canadian citizen, with violating the Corruption of Foreign Public Officials Act. He allegedly bribed an Indian official to win a contract for his company.

According to the Globe, Karigar worked for Cryptometrics of Ottawa. The company develops facial recognition software for airports and governments around the globe and its "engineers are accustomed to dealing with the security industry." 

Is the security aspect of the case important? It could be.

Karigar is the first individual charged under the Corruption of Foreign Public Officials Act. He can't be the first Canadian involved in bribery abroad. Was he charged because his alleged crime compromised airport security in India, a country with security problems that concern the rest of the world?

The White House this year said overseas corruption is "a severe impediment to development and global security." We've reported that Kenyan airport and border security contracts were allegedly tainted by corruption. That led the U.S. to bar entry of some Kenyan officials and the U.K. did likewise. (President Obama went to Kenya in 2006 and talked about the sleaze there.)

The Australian federal police are investigating Securency, the polymer banknote-maker half owned by the Reserve Bank of Australia. The case has security implications. There have been persistent rumors that Securency paid bribes and offered favors to win currency-printing contracts in Asia, Africa and Latin America. The integrity of any country's printed money supply is a global concern.

An older U.S. case with security-related loose ends involves American Bank Note Holographics. It prints currencies, travelers and other checks, and produces credit cards and holograms for use on security-sensitive surfaces. In July 2001, Joshua Cantor, the company's president, pleaded guilty to a four-count federal criminal information. It charged him with conspiracy to defraud the U.S., a books-and-records violation, making false statements to auditors, and conspiracy to violate the FCPA. The charges arose from bribes paid on behalf of American Bank Note in Saudi Arabia. Then in August 2003, Morris Weissman, the former CEO and chairman of the company, was convicted of fraud after a long trial in Manhattan.

Neither Cantor nor Weissman have been sentenced yet, despite a nine-year-old guilty plea and a seven-year-old jury-trial conviction. Is it because of their knowledge of the security-related industry? Have they been helping American and other authorities track down corruption that might make borders leaky and put currencies at risk?

There may not be any visible links among Cantor and Weissman, Securency, Kenyan graft, and Nazir Karigar. But there's a common thread of global security running through them.