Australia

Australia: Mandatory Data Retention Bill passed

The Telecommunications (Interception and Access) Amendment (Data Retention) Bill 2014 (new law) passed both houses of parliament on Thursday 26 March 2015. The new...

Australia’s expanded autonomous sanctions relating to Russia commenced on 31 March 2015

Australia imposed targeted financial sanctions and travel bans relating to Russia against designated persons and entities in June and September 2014.  Expanded sanctions were...

“Private” bribery in Australia

Recent press relating to alleged bribes paid in the context of procurement of IT services are a timely reminder that criminal offences exist under...

Compliance Benchmark: Quantifying the Fundamentals

Various countries and their compliance-enforcing agencies request that companies have "adequate" compliance programs and organizations. But what does that mean? One option to determine...

Australia: Grain Terminals, Changes to Promote Competition

A brief summary of some recent major changes that have occurred in relation to the export of grain in Australia. Historical situation – formal regulation...

Asia Pacific: How U.S. FCPA And U.K. Bribery Act Impact Financial Institutions In The...

Why Should Financial Institutions, Hedge Funds And Private Equity Firms In The Asia Pacific Region Be Concerned About These Regulations In recent years, compliance...

Australia – Tougher Environmental Enforcement Provisions for New South Wales

A number of changes have been implemented recently, giving environmental regulators and courts more enforcement options and increasing the amounts of penalties for certain...

Social Media Survey – How Corporates Engage and Manage Risks

Baker & McKenzie has released its first global client survey on Social Media. Based on the responses from international clients across a range of 14...

OECD’s Foreign Bribery Report released: Three-fourths of cases involved intermediaries

The Organization for Economic Cooperation and Development (OECD) on December 2, 2014 released its first-ever analysis of anti-bribery on a global scale. 427 transnational...

Transparency International Launches the Latest Corruption Perceptions Index 2014 – China Loses Ground

On 3 December 2014, Transparency International ("TI") launched its latest Corruption Perceptions Index ("CPI") 2014. The CPI ranks countries and territories based on how corrupt their...

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