SNC-Lavalin Group Inc. said federal prosecutors in Canada won’t negotiate a remediation agreement to resolve criminal fraud and corruption charges related to Libya.
The Montreal-based engineering and construction company said it “stongly disagrees” with the Public Prosecution Service’s decision and may appeal.… Continue Reading
It is not an overstatement to say that a new era on anticorruption and compliance cooperation and coordination efforts has begun with the announcement of the United States-Mexico-Canada Trade Agreement or USMCA, which is set to replace NAFTA as soon as it is signed in late November of 2018 and subsequently ratified in 2019.… Continue Reading
Transparency International just updated its Exporting Corruption Evaluation for 2018, the first update since 2015.
It assesses enforcement of the OECD Anti-Bribery Convention by reviewing the 44 countries that are signatories of the convention and account for 65 percent of world exports, and more than 75 percent of total foreign direct investment outflows.… Continue Reading
In the prior post and this one, I’m looking at big events and trends since the FCPA Blog started publishing 11 years ago, and their impact on corruption, enforcement, and compliance.… Continue Reading
An asset-freezing injunction can be an important tool in fraud recovery litigation. Because it must be obtained ex parte, that is, without notice to the alleged fraudster, the justice system treads very carefully in balancing the rights of the accused and the accuser.… Continue Reading
The 2026 FIFA World Cup vote already reflects the significant steps FIFA has taken to reduce corruption. Will it now follow the International Olympic Committee example and take the next step?… Continue Reading
Canada has emerged as one of the cryptocurrency and blockchain centers of the world. Canada’s dominance in blockchain innovation stems in part from Toronto being home to Vitalik Buterin, the inventor of Ethereum Blockchain, which is the globally most adopted platform that supports ether (ETH), the second highest cryptocurrency valued at $63 billion. … Continue Reading
The Canadian Government has announced that it will be moving forward, albeit slowly, with a Deferred Prosecution Agreement (DPA) system.
Perhaps it is the cold, lingering winter north of the border, but observers and concerned stakeholders continue to be frustrated with the very slow and opaque process and pace of this policy and legislative development.… Continue Reading