With Vitalik Buterin, Ethereum Blockchain’s principal inventor residing in Toronto, Canada it is no wonder that Canada ranks third in the world behind the United States and the United Kingdom when it comes to blockchain technology adaptation.… Continue Reading
I and my fellow Canadians can quite rightly be proud of our standing on the global stage. Canada is seen by most as a country with integrity, whose people are viewed as fair-minded and different in persona to some of their noisy neighbors south of the border.… Continue Reading
A recent investigative report has fueled fears that Canada’s poor track record collecting penalties for securities law violations is contributing to the country becoming a haven for securities fraudsters, capital markets corruption, and other misconduct.… Continue Reading
Four companies from the mining sector have disclosed open FCPA-related investigations.
One company first disclosed an investigation this week. The other companies first disclosed investigations in 2016, 2015, and 2013.
Two of the companies are based in the UK, one in Canada, and the other in Switzerland.… Continue Reading
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.… Continue Reading
Just like a blind side body check in a hockey game, the appeal decision in July upholding the overseas bribery conviction of Nazir Karigar came as a shock to many observers of anti-corruption enforcement initiatives around the globe.… Continue Reading
Canada is well known for hockey, maple syrup and good manners. But for being aggressive in the fight against foreign bribery and corruption, not so much.
That may be changing.
A report released Wednesday by Transparency International Canada recommends the government consider adopting legislation to create a deferred prosecution agreement scheme as a way to increase transparency and promote compliance.
“In the Canadian context, DPAs, if properly designed and implemented, have the potential to support increased enforcement of anti-corruption laws and increased self-disclosure and compliance by corporations,” TI-Canada said.… Continue Reading
Responding to persistent corruption in countries around the world takes more than a commitment to a Convention and adoption of sweeping legislation to achieve meaningful progress. A broad view, an innovative approach and a willingness to look across a wide spectrum of solutions are all critical.… Continue Reading
The Royal Canadian Mounted Police (RCMP) charged the head of a commercial aircraft company with conspiring to bribe military officials in Thailand. The alleged conspiracy is connected to a deal involving aircraft from the Thailand national airline.… Continue Reading
Maybe. Canada has had a tax whistleblower program for four years, the Offshore Tax Informant Program (OTIP).
The OTIP pays individuals who qualify for the program and provide information to CRA regarding international non-compliance by Canadian taxpayers.… Continue Reading