Sentences with phrase «for facilitation payments»

The increased prison terms for Canadian nationals including officers and directors of Canadian corporations, the elimination of territorial jurisdiction test by explicitly providing for a «nationality» test, the increased risk exposure to CFPOA penalties by adding a books and records provision, and the elimination of exceptions and defences such as those for facilitation payments and businesses not earning profits, all point towards continuing vigorous enforcement by the Canadian government of the CFPOA.

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.

The new books and records provisions and the elimination of the exception for facilitation payments demand particular attention, as they both require that steps be taken promptly to ensure full ongoing compliance.

In the case of Canadian corporations that have modelled their anti-corruption compliance programs based on U.S. precedents, the elimination of the exception for facilitation payments will compel departing from the U.S. model if this exception is contained in the compliance program.

Not exact matches

And while the Canadian and American systems provide exemptions for payments permitted or required under the laws of the foreign country, Britain's legislation prohibits any payment that would be illegal in the U.K., including facilitation payments.

Morrison, for his part, sees facilitation payments as dangerous because there's never been a numerical threshold distinguishing them from bribes.

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.

The US Ambassador to Ghana, Robert Jackson, said corruption levels in Ghana are at a point where US companies looking to do business in Ghana, have mostly been frustrated with requests for the payment of «facilitation fee» — which he simply described as another language for bribe.

For certain products and services, Booking.com facilitates (through third party payment processors) the payment of the relevant product or service (i.e. the payment facilitation service) for and on behalf of the Supplier (Booking.com never acts nor operates as the merchant of recorFor certain products and services, Booking.com facilitates (through third party payment processors) the payment of the relevant product or service (i.e. the payment facilitation service) for and on behalf of the Supplier (Booking.com never acts nor operates as the merchant of recorfor and on behalf of the Supplier (Booking.com never acts nor operates as the merchant of record).

-- From $ 50K to $ 500K in Medical Expenses — Medex Worldwide Travel Assistance Services o Medical and Dental referrals o Monitoring of treatment o Facilitation of hospital payments o Transfer of insurance information to providers o Medication and vaccine transfers o Dispatch of doctors and specialists o Transfer of medical records o Continuous updates to family, employer, and home physician o Hotel arrangements for convalescence o Replacement of corrective lenses and medical devices o Replacement of lost or stolen travel documents o Emergency travel arrangements o Transfer of funds o Legal referrals o Translation services o Message transmittals o Transportation after stabilization

«We now ban facilitation payments globally — it's a good example of how you have to surf the world for the most onerous thing and then adopt that as the standard,» said Smee.

However, some attending the session argued that in some countries there remains a strong need for things like facilitation payments, especially in resource - based industries, often in developing countries where it is considered common practice.

Referring to this «solution» in its March 2012 report on the UK's implementation of its anti-bribery convention, the Organisation for Economic Co-operation and Development (OECD) commented acidly that: «Taken together, these factors imply that a company could continue making facilitation payments while avoiding prosecution if certain conditions were met.»

For the policies converted / issued in electronic form, within an e-insurance account, the IR would be responsible for providing mandatory information like policy status (including premium status, NAV status, bonus status, loan status, claims status, nominee / assignment status), premium due calendar and online premium payment facilitation, premium history and annual statemenFor the policies converted / issued in electronic form, within an e-insurance account, the IR would be responsible for providing mandatory information like policy status (including premium status, NAV status, bonus status, loan status, claims status, nominee / assignment status), premium due calendar and online premium payment facilitation, premium history and annual statemenfor providing mandatory information like policy status (including premium status, NAV status, bonus status, loan status, claims status, nominee / assignment status), premium due calendar and online premium payment facilitation, premium history and annual statements.

These include premium due calendar and online premium payment facilitation, premium history and claims history, acceptance of service requests for onward transmission to insurers and tracking system for service requests / grievances among others.

LTTPs can use a properly vetted Mortgage Broker to proactively build and retain their client base under the soft sell where the LTTP retains all client loyalty as the LTTP facilitates and monitors MB choice: 1) initial mortgage placements which are in your clients best interest 2) properly explained obligations and renewal provisions 3) 3 to 4 client touch points through out a year paid for by the MB to maintain their relationship with the LTTP 4) pre-approvals that are dependent on home appraisal only 5) down payment facilitation from borrowed funds (temporary) 6) mortgage pay down plan allowing for follow up home trade to occur 7) creating a tax deductible mortgage 8) etc etc LTTP struggle to find ways to get new business instead of using their previous trusted status with past clients to build their business.