Anti-Corruption regulation continues to develop teeth worldwide

canadianflagA bill was recently introduced to the Canadian Parliament (Bill S-14) that seeks to amend the existing Corruption of Foreign Public Officials Act, strengthening that law and broadening its scope.

The amendments proposed would, among other things:

  • Remove an existing exemption on Facilitation Payments;
  • Criminalize the falsifying of accounting records to hide corruption, and;
  • Expand the jurisdiction of the law to any Canadian citizen, legal resident, or any company or entity organized under Canadian law – regardless of the location of the offence.

(Check the guest blog post on Thomas Fox’s blog – written by a team at McCarthy Tetrault LLP – for more insight into the proposed legislation in Canada.)

Headlines on anti-corruption charges, investigations and fines hit the news daily, along with new legislation proposed or new enforcement measures taken.  These headlines are coming from around the world – in every corner of the globe and in every market where you are doing business.

If you received a notice of a pending investigation into anti-corruption allegations tomorrow, would your organization be ready to respond?

Check out some past policyIQ blog posts on how policyIQ can help you to organize everything anti-corruption related from your risk assessments to policy distribution (and sign-off) through the documentation of gift and expense reporting.  Then contact Resources Global Professionals and our policyIQ team so that we can help you to evaluate your current anti-corruption measures and ensure that you are ready.

This entry was posted in Industry News, Solutions and tagged , , , by Chris Burd. Bookmark the permalink.

About Chris Burd

Chris is the Managing Director of the policyIQ group at RGP. She gets geeky about compliance and technology, and gets to spend every day working at the crossroads of the two. With policyIQ since 2005, Chris has worked with hundreds of policyIQ clients to implement technology and enhance their internal compliance environment. In the past few years, she's focused on enhancing policyIQ's offering as a Conflict Minerals and Anti-Corruption tool. In past lives, Chris worked as a system implementation consultant, a e-commerce specialist, a customer service call center manager, and - for one short but memorable summer during high school - a machine operator on midnight shift in a plastics factory. In her free time, she spoils her nieces, volunteers at her local food bank, and spends more time than she should taking photos of her cats. She would like to be a rock star when she grows up.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s