HC Deb 19 December 2000 vol 360 c137W
Dr. Cable

To ask the Secretary of State for Trade and Industry what procedures the ECGD follows in order to ensure that commission payments on arms sales covered by ECGD guarantees to United Kingdom companies are declared to it. [142808]

Mr. Caborn

When completing applications for ECGD cover exporters are obliged to declare any commission payments. In addition to existing procedures for identifying and controlling agents commissions, ECGD has recently introduced provisions in all its facilities aimed specifically at combating bribery. These provisions, among other things, enable insurance policies to be avoided in bribery situations and allow ECGD to seek to recover any loss it may suffer under its facilities following the conviction of either the exporter or the bank for corruption in connection with a contract or its financing.

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