Export Development Canada (EDC), Canada’s export credit agency and a state-owned enterprise wholly owned by the Government of Canada, announced it has completed its independent review of Bombardier’s compliance policies and procedures, concluding the Canadian multinational aerospace and transportation company is progressing toward a best-in-class ethics and compliance program.
The EDC first initiated the review of Bombardier on Aug. 1, 2019, following leaked preliminary findings from the World Bank’s ongoing investigation into Bombardier Transportation’s 2013 contract with Azerbaijan Railways. As Compliance Week previously reported, a March 2017 report by the Organized Crime and Corruption Reporting Project—a consortium of non-profit investigative centers and media outlets around the globe—alleged Bombardier Transportation paid “millions of dollars in bribes to unidentified Azerbaijani officials through a shadowy company registered in the United Kingdom.”
