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Foreign Affairs committee Thank you very much. This issue has come up a number of times. It's important to remember that the legislation applies to business transactions to retain or gain an advantage; it's not simply any bribe. If you have a payment where someone's in a situation in which they're under
June 13th, 2013Committee meeting
Marcus Davies
Foreign Affairs committee I can assure the committee that we work very closely with the RCMP. We have a trilateral approach. We work with the Department of Justice, the RCMP, and Finance. We're consulting with Transparency International. The RCMP has set up international anti-corruption units. They have
June 11th, 2013Committee meeting
Marcus Davies
Foreign Affairs committee Within Canada we don't have a national securities exchange commission. The focus on this legislation is preventing bribery.
June 11th, 2013Committee meeting
Marcus Davies
Foreign Affairs committee Thank you. We appreciate that there are different tactics taken toward databases. Looking at the issues of a database to provide a source of information, you can have an administrative or regulatory regime. I think the message we're trying to clarify with the CFPOA, the Corrupti
June 11th, 2013Committee meeting
Marcus Davies
Foreign Affairs committee Right. We work quite a lot with our U.S. counterparts on this. They don't recommend at all that you pay facilitation payments. The reason is that those payments are probably illegal in another country and are probably criminalized by other jurisdictions. The U.K. would be an exa
June 11th, 2013Committee meeting
Marcus Davies
Foreign Affairs committee Sure. Thank you very much. As mentioned, there are some countries that still do permit it. When you look at the U.S. system, because of a constitutional division of powers, the U.S. has two mechanisms under their Foreign Corrupt Practices Act, and this is a longstanding piece of
June 11th, 2013Committee meeting
Marcus Davies