Media Release Statement Concerning Securency International Pty Ltd

The Reserve Bank takes very seriously the allegations that have been raised in relation to Securency, a company of which the Bank is a shareholder. It condemns corrupt behaviour of any kind.

The Bank fully endorses the immediate action taken by the Board of Securency last year to refer the allegations to the Australian Federal Police, and to commission an external review of Securency's policies and procedures in relation to the use of agents. The Bank supports the Board of Securency in its decision to implement all the recommendations of that review.

With the Australian Federal Police investigation continuing, it would not be appropriate for the Bank to comment on matters covered by the investigation. Any evidence of wrongdoing should be referred to the police.