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ARTICLE · 08 JULY 2013

Corporate Directors Beware - Canada Passes Tough Amendments To Anti-Corruption Legislation

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Canada has passed amendments which make its foreign anti-corruption regime significantly more rigorous by requiring greater transparency of corporate accounting.

CanadaAntitrust/Competition Law
McMillan LLP
McMillan LLP
Neil Campbell
Neil Campbell
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Canada has passed amendments which make its foreign anti-corruption regime significantly more rigorous by requiring greater transparency of corporate accounting, eliminating key exceptions in the prior law and forcing greater accountability on Directors and Officers. As part of the effort to discourage foreign corrupt practices by Canadians, the amendments also broaden the application of the law to all Canadian nationals and Canadian companies, regardless of where the alleged bribery occurred.

An Act to amend the Corruption of Foreign Public Officials Act (CFPOA) received Royal Assent on June 19, 2013 and amended the CFPOA to

(a) expand the definition of "business" to capture all kinds of business or undertakings carried on in Canada or elsewhere, whether or not for profit;

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