Bank of Canada said that while it's aware of the allegations against Securency International

Australian company chosen to help make this country's new plastic-based currency is embroiled in an international scandal that includes allegations of million-dollar kickbacks and even of offering a prostitute to one client.

However, the Bank of Canada said that while it's aware of the allegations against Securency International, they won't delay this November's release of the new Canadian currency.

"The bank is fully aware of the allegations related to past business practices of Securency International," said Bank of Canada spokeswoman Julie Girard in an email to Postmedia News.

Securency International, a company started and partially owned by the Reserve Bank of Australia, that country's central bank, has been tapped to provide the material — a non-porous, plastic film that makes counterfeiting extremely difficult and bills more durable — for the new Canadian currency.

Last week, the Bank of Canada announced it is introducing new $100 bank notes, printed on the special polymer base, starting in November, with new $50 bills to follow next March.

Securency, however, has been the subject of an investigation by the Australian Federal Police and the British Serious Fraud Office into allegations that agents employed by the company paid millions of dollars in kickbacks to government officials in countries such as Malaysia, Vietnam and Nigeria to encourage them to use their product.

Girard said the Bank of Canada is "confident in its business arrangements," and is satisfied that Securency "has taken appropriate steps to strengthen its governance and business practices."

"Security is the main consideration for the bank when choosing the materials for Canadian bank notes," she said. "The polymer material and security features chosen are the best option available for Canada's new series of bank notes, and the Bank has put in place robust supply arrangements to ensure that Canadians have the most secure bank notes possible."