In a previous post, we discussed the importance of considering anti-corruption and bribery risks when engaging in international transactions. In connection with the OECD Convention on Combatting Bribery of Foreign Public Officials in International Business Transactions, Canada, the US and the UK, as well as an increasing number of legislatures around the world have implemented legislation forbidding the transfer of benefits for the purpose of influencing foreign officials. Companies charged under the Canadian Corruption of Foreign Public Officials Act (CFPOA) are criminally prosecuted, and can be forced to pay unlimited fines in addition to suffering irreparable reputational … Continue Reading