“Global Bribery and Corruption and the Impact on Canadian Businesses” Deloitte

Aug 12, 2011 | Corporate Member News

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

About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms.

Deloitte provides audit, tax, consulting, and financial advisory services to public and private clients spanning multiple industries. With a globally connected network of member firms in more than150 countries, Deloitte brings world-class capabilities and deep local expertise to help clients succeed wherever they operate. Deloitte’s approximately 170,000 professionals are committed to becoming the standard of excellence.

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