Sentences with phrase «eliminated facilitation payments»
The amendments now in force, including the soon - to - be eliminated facilitation payments exception, reinforce a strong message from the Canadian government that it is «redoubling» its efforts to curb any existing foreign corrupt practices of Canadian businesses.
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All the changes came into force immediately upon receiving royal assent, save for the provision that will eliminate the exception for facilitation payments which will come into force on a date to be fixed by an order of the federal Cabinet.
In much the same way that Bitcoin applied digital technology to currency and payments, Equibit eliminates the need for expensive infrastructure and third - party facilitation from depositories or transfer agents.