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Canada makes bribery of foreign officials illegal

OTTAWA: Canada will no longer tolerate its companies’ bribing foreign officials in order to speed up or facilitate routine transactions such as permits, the government said Monday. Ottawa closed a loophole in a 1998 law that banned bribes but allowed so-called facilitation payments, also known as “grease payments,” it said in a statement. Effective from October 31, such payments will be illegal. The penalty for bribery is up to 14 years in prison. Read More: Samsung leader given five-year jail sentence for bribery…