As Canadian companies increase their presence in emerging markets, both individuals and corporations are cautioned to take heed when it comes to violating Canada’s anti-corruption measures. As witnessed in recent high profile media accounts, Canadian officials have intensified their prosecution of anti-corruption violators.
Canada’s Corruption of Foreign Public Officials Act (“CFPOA”), based on the Organization for Economic Co-operation and Development’s (“OECD”) Convention on Combating Bribery of Foreign Public Officials in International Business Transactions, is an attempt to ensure commercial fair dealing, government integrity and accountability, and the efficient and equitable distribution of limited economic resources. The CFPOA focuses on anti-bribery provisions that prohibit the promise, payment or giving of money or anything of value to any foreign official for the purpose of obtaining business or gaining an improper advantage.
To help avoid potential financial and reputational damage associated with CFPOA violations, we invite you to learn more from our experienced Forensic Services team by downloading our latest publication.