A 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.
