In today’s global business world, compliance with anti-corruption legislation has never been more necessary or relevant. However, with the extensive recent changes and the ever growing extraterritorial reach of the legislation, this task has rarely been more challenging or complex. The UK and Canada are two key jurisdictions where companies can be held liable notwithstanding that the activity took place in neither the UK nor Canada. Sanctions include huge fines, criminal convictions, disbarment from tendering, cancelled contracts, brand destruction: a catastrophic risk for any company. Those companies that are able to effectively navigate and mitigate these risks will have a significant competitive advantage in their international markets.
As an introduction to these wide-ranging and overlapping laws, this article provides a high level comparison of the main UK and Canadian anti-corruption legislation.
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