EDC review of Bombardier bribery compliance policies nears completion

(Compliance Week, Boston, 18 February 2020) Export Development Canada (EDC) announced it has completed its independent review of Bombardier’s compliance policies and procedures, concluding there is progress in its ethics and compliance program. EDC initiated the review of Bombardier in 2019 following leaked findings from the World Bank’s investigations into Bombardier’s 2013 contract with Azerbaijan Railways. As Compliance Week previously reported, a March 2017 report by investigative centers and media outlets around the globe alleged Bombardier paid “millions of dollars in bribes to unidentified Azerbaijani officials through a shadowy company registered in the United Kingdom.