Corruption
6 July 2012. Grant Thornton LLP today released a white paper ‘Anti-corruption legislation casts a global net; Don’t get caught because you don’t know the rules’. This document is to help globally-active Canadian companies to navigate increasingly complex international regulations and help protect them from the risk of non-compliance in the face of increasingly aggressive enforcement. Canadian companies are increasingly in the headlines for suspected bribery and corruption activities, making this a front-page issue. Furthermore, countries around the world are enacting and enforcing complex regulations around corruption and bribery – in particular, The US Foreign Corrupt Practices Act (FCPA) and the new UK Bribery Act are potentially exposing Canadian companies to new risks ranging from fines and reputational damage to jail time for convicted individuals. These regulations are not aimed at exclusively national companies but make it clear that the fight against corruption transcends national borders.
