In recent years, risks around bribery and corruption have risen as prime concerns among business leaders in part due to enforcement trends that include a greater focus on the prosecution of individuals. Given the intensifying Canadian and global legislative and enforcement environment, business leaders are faced with greater risk exposure, especially in the fast-growing emerging markets that present the most alluring opportunities for growth through expansion and acquisition.
In Canada, the Royal Canadian Mounted Police’s concerted enforcement campaign around the Corruption of Foreign Public Officials Act (“CFPOA”) is at full steam, with charges laid and a large number of investigations ongoing. The introduction of Bill S-14, the Fighting Foreign Corruption Act, on February 5, 2013 has caused significant amendments to the CFPOA which will, among other things, increase the scope of the CFPOA and the ability of enforcement authorities to prosecute and penalize alleged offenders.
We invite you to download our most recent thought leadership “Cleaning up corruption: Why anti-corruption compliance is now on the C-suite radar”, to learn how to become proactive in addressing compliance issues, and build related programs to mitigate bribery and corruption related risks.