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ARTICLE · 20 JANUARY 2014

Recommendations Issued For Canada’s Mandatory Payment Disclosure Regime

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Today, a report entitled "Recommendations on Mandatory Disclosure of Payments from Canadian Mining Companies to Governments" was issued by the Resource Revenue Transparency Working Group.

CanadaInternational Law

Today, a report entitled Recommendations on Mandatory Disclosure of Payments from Canadian Mining Companies to Governments1 was issued by the Resource Revenue Transparency Working Group, a joint working group comprising non-governmental and mining industry organizations. This follows the announcement last year by the Canadian government of its intention to require companies in the extractive industries, including mining and oil and gas, to disclose their payments made to domestic and foreign governments.

This Canadian transparency initiative, which follows similar measures being adopted by the United States and the European Union for their extractive industries, has important implications in light of increased legislative and enforcement action under Canada's anti-corruption regime, including the Corruption of Foreign Public Officials Act (CFPOA) and the Criminal Code. Although the Working Group's recommendations apply only to mining companies, firms in other

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