An increasing number of Canadian companies are looking to
revise their international corruption compliance procedures
following a "watershed" enforcement under the
country’s bribery statute, according to
The change comes after Niko Resources pleaded guilty under
the Corruption of Foreign Public Officials Act (CFPOA) in June
for bribing the energy minister of Bangladesh. The company was
fined C$9.5 million ($9.65 million) and required to implement a
compliance program to be reviewed by an independent auditor
under a three-year probation order.
Osler Hoskin & Harcourt partner Graham Reynolds said the
sentence was a dramatic development...