Global bribery and corruption and the impact on Canadian businesses

Anti-bribery and corruption legislation is becoming more detailed, more regimented, and more enforced in many areas of the world. In June 2011, the Corruption of Foreign Public Officials Act (CFPOA) was used to indict a Canadian company for bribing a foreign official – only the second such indictment in Canadian history.

You need to know what actions put you – and your business – at risk.

On July 1, 2011, the new Bribery Act 2010 came into effect in the UK, presenting many Canadian commercial organizations with new risks and challenges. The legislation can extend to any company which carries on any part of a business in the UK, regardless of where the company was incorporated. Canadian businesses with a connection to the UK need to carefully consider their existing anti-bribery procedures and whether their controls are up to the task.

To help you keep track of these developments, our Financial advisory team has analyzed the new Bribery Act and has been carefully monitoring Canadian anti-bribery actions. Deloitte offers extensive anti-corruption advisory services helping clients manage bribery and corruption risks, and we have been involved in some of the largest and most complex anti-corruption investigations and remediation efforts as defined by the CFPOA.

Download the report to understand the changing nature of anti-bribery legislation and enforcement, and how you can take steps to ensure your business is protected.