The declaration states that my company has not been and will not knowingly be party to a violation of the Corruption of Foreign Public Officials Act. What does this law say and how am I affected?
In essence, the new Canadian law criminalizes international bribery and associated practices by creating three separate criminal offences: the bribery of foreign public officials, the possession of the proceeds of such bribery and the laundering of those proceeds. To constitute this crime, there must be (a) an act, and (b) the act must be intentional. If either element is missing, there is no crime. Whether or not a crime has been committed, there may be a related offence, such as conspiracy to commit the crime, aiding and abetting in committing the crime, and counseling others to commit the crime. These offences may result in imprisonment for up to ten years and/or fines up to $50,000. There are some exceptions to the law discussed in (6) below. If you are concerned that you or your business may be affected by this law, we strongly encourage you to contact your Canadian legal counsel. Professional advice may avoid the potentially grave consequences of breaching the new criminal law an
Related Questions
- The declaration states that my company has not been and will not knowingly be party to a violation of the Corruption of Foreign Public Officials Act. What does this law say and how am I affected?
- A company officer, employee or agent can be found guilty of bribing a foreign public official. What about punishing the company for whose benefit he has presumably acted?
- How does the Convention define the bribery of foreign public officials?
