Mining Bulletin – June 2011 - Canadian Public Company Fined $9.5 Million for Bribery

Canadian companies face many dilemmas working abroad. Canadian domestic ethical standards can be challenged by foreign regulatory impediments, “local customs” and expectations of foreign officials. The temptation to improperly facilitate a transaction can lead to a path of bribery, multi-jurisdictional criminal and civil proceedings, fines, forfeiture of assets, reputational damage and, potentially even, imprisonment.