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Tuesday 1 October 2013

ASIC clarification: 1 October 2013

ASIC yesterday issued a statement about potential Corporations Act breaches by directors of the Reserve Bank of Australia’s subsidiaries Securency and Note Printing Australia.

The statement said ASIC had reviewed more than 10,000 pages of documents provided by the Australian Federal Police and, based on our investigation, we decided not to take the matter further.

Some media reports today suggested our investigation related specifically to the Iraq bribery allegations aired on the ABC’s Four Corners program last night.

This is not the case. The material ASIC examined related to alleged conduct in Indonesia, Malaysia, Vietnam and Nepal.

The Iraq bribery allegations will be considered but it must be stressed that a six-year statute of limitations applies to civil penalty cases.

Read ASIC's response to ABC TV’s Four Corners’ questions: 30 September 2013

 

Last updated: 01/10/2013 12:00