Senate debates

Monday, 15 June 2009

Questions without Notice

Securency Pty Ltd and Note Printing Australia

2:32 pm

Photo of Bob BrownBob Brown (Tasmania, Australian Greens) Share this | Hansard source

Thank you, Mr President. The Age on Saturday said this:

The RBA has asked the Australian Federal Police to examine Securency’s use of agents in Africa and Asia after the Age revealed several had been implicated in official corruption inquiries and at least one had been convicted for reckless trading.

Securency has made multimillion-dollar commission payments to its agents, including some to offshore tax haven accounts.

I am aware that that police inquiry is underway, but I ask the minister, has the Reserve Bank undertaken an independent investigation, as suggested by Transparency International Australia, to investigate whether its own code of practice has been breached by Securency and Note Printing Australia, NPA, regarding the use of their agents?

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