Looking at FOREIGN markets PUT AN ANTI-CORRUPTION PROGRAM IN PLACE

摘要

To avoid trouble with tougher Canadian laws, start with a detailed risk assessment then identify what needs attention and how to proceed. There have been significant changes in the world of foreign corruption enforcement, which includes Canada's Corruption of Foreign Public Officials Act (CFPOA), in effect since June 2013. In addition to increasing the maximum penalty to 14 years in prison, CFPOA changes provide additional jurisdiction over Canadian companies and individuals, add a new offence related to creating false accounting records to conceal bribery, and phase out facilitation payments. Companies are slowly becoming aware of these changes, but they're unsure what needs to be done to protect themselves in this new environment.