Australia a dumping ground for dirty money

We are becoming  a dumping ground for dirty money

The Age, Nick McKenzie, 1 Apr 16  

Anti-corruption experts in the US and Europe have urged Australia to properly resource and empower its anti-bribery regime as Australia emerges as the “dumping ground” for dirty money from Asia.

Officials believe that under-resourcing, ineffective laws and competing priorities between the federal police and corporate watchdog ASIC are a factor in the failure to resolve many cases.

The call comes after Fairfax Media revealed Australian involvement in one of the biggest bribery scandals to ever hit – a scandal that has implicated a number of Australian firms and executives including the offshore arm of Leighton Holdings and WorleyParsons…….

The Coalition government has focused on fighting union corruption, but has been all but silent on the major gaps in Australia’s anti-corporate corruption regime.
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