There are currently six companies based in Canada that have disclosed open and ongoing FCPA-related investigations.
The companies are from the Engineering and Construction, Gaming, Auto Parts, Mining, Manufacturing, and Asset Management industries.
Countries involved in the investigations include Azerbaijan, Libya, Mozambique, Uganda, China and Brazil.
Three companies first disclosed the investigations this year. The other investigations were first disclosed in 2014, 2015, and 2016.
Three of the companies said the Royal Canadian Mounted Police, among others, are involved in the investigations.
Four of the companies are issuers under the FCPA (they file periodic reports with the U.S. SEC); two of the companies aren’t issuers but trade on the Toronto Stock Exchange and released company statements about their investigations.
Research for this post was conducted on FCPA Tracker.
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A few words about FCPA Tracker.
It was first developed and used internally as a research tool for the FCPA Blog.
In early 2017 a few key clients approached the publisher of the FCPA Blog, Recathlon LLC, and asked for access to the same research tool that the FCPA Blog used. Recathlon further developed FCPA Tracker and eventually rolled it out to those key clients.
Based on positive feedback, Recathlon launched FCPA Tracker publicly in April 2017. It is now used by leading law firms, banks, audit and due diligence firms, and dozens of Fortune 500 companies.
There’s more information about FCPA Tracker here.
Richard L. Cassin is the publisher and editor of the FCPA Blog.