Canada Toughens Anti-Bribery Laws for Foreign Payments
Foreign Affairs Minister John Baird said the Canadian government will toughen its anti-bribery legislation.
Canada will introduce amendments to existing laws that prohibit bribing foreign officials to eliminate certain exemptions, broaden the number of companies covered and almost triple maximum jail terms to 14 years, Baird said in a statement.
The changes come less than two weeks after Griffiths Energy International Inc. said it had reached a settlement with federal prosecutors over payments the company made to a public official from Chad, agreeing to pay a fine of C$10.4 million ($10.4 million). Griffiths said it voluntarily disclosed the payments, made between 2009 and 2011, after they were discovered by the company’s new management.
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