Sentences with phrase «of facilitation payments»

The Chamber of Shipping has today launched guidelines to assist shipping companies in the development of anti-corruption policies, with particular emphasis on the problem of facilitation payments.

Not exact matches

Multinational corporations are responding by instructing employees to cease making facilitation payments altogether: a recent KPMG Forensic survey of British and American executives found that only 9 % of the Brits and 13 % of the Yanks still allow them, down considerably from previous surveys.

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.

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.

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.

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 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.

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.

It happens to be a conglomeration of digital currency as well as «open - payment - channel» which helps in the facilitation of financial transactions.

It however revealed that Ghanaians do not regard the payment of what is commonly called facilitation fee as a form of corruption.

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.

«Service» means the online reservation service (including the facilitation of payments) of various products and services as from time to time made available by Suppliers on the Platform.

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 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

Sale of Artwork Crosstown Arts does not take any commissions from sales of artwork and is happy to assist in facilitation of sales by accepting buyer information and payment via cash, check, or credit card to be paid to the artist within two weeks of the closing of the show.

«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.

With regard to facilitation payments which the Bribery Act 2010 unequivocally classes as bribes (in contrast to the equivalent statute in the US), Alderman drew up a «six - stage solution» the effect of which was to suggest that they might be tolerated.

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.»

The UK Bribery Act 2010 is tougher than the FCPA — criminalising commercial bribery, as well as the bribery of foreign officials and having no «facilitation payments» exception.

Travel assistance services include pre-trip information, transfer of funds, facilitation of hospital payments, translation services, and more.

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.

ATS also offers auditing of mining agreements and royalty payments, strategic planning and meeting facilitation services to Aboriginal groups.

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.