Financial Regulatory Forum

Canada’s Anti-Bribery Cops Reel One In

July 22, 2011

By John Mackie

TORONTO, July 22 (Business Law Currents) – Though Canada has had foreign bribery legislation in effect for over a decade, prosecutions have proven very few and very far between. So it remains to be seen whether the recent guilty plea by Calgary’s Niko Resources under Canada’s Corruption of Foreign Public Officials Act marks a scaling-up of Canadian efforts on this front, or just another blip on the radar screen.

INTERVIEW-Corruption high in Dubai state firms -police chief

December 31, 2009

By Rania Oteify

DUBAI, Dec 31 (Reuters) – Corruption at Dubai’s state-linked companies is unusually high, the Gulf Arab emirate’s police chief said on Thursday, but tough new penalties introduced this week could help curb fraud.

Dubai takes new steps to clamp down on corruption

December 30, 2009

DUBAI, Dec 29 (Reuters) – Dubai’s ruler announced a new law to combat corruption, with the power to impose prison terms of up to 20 years on offenders as the emirate tightens financial rules in the wake of a debt crisis.