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We are NOT Corrupt! We're just REMOVING ourselves from EVERY ANTI CORRUPTION BODY on Earth!
-LITERALLY Republicans!
Wonder if this means Canadian Bank Note will cease business with US State governments as there is a strong policy against doing business with countries that take bribes.
If they haven't stopped by now, I doubt this will be the straw that breaks the camel's back.
Well, it's a bit more complex than that. As a company that prints money, they are required to audit and vet countries before doing business with them, and terminating business with countries that accept bribes, because they print money.
They also do drivers licenses, passports, and border control systems.
Doing business with one nation that accepts bribes could cause the anullment of contracts from every nation they deal with.
If the US starts taking bribes officially via moves like this, CBN will have to exit the country.
The US Supreme Court made this ruling two years ago:
https://afj.org/article/supreme-court-rules-bribes-are-fine-if-youre-paid-later/
Sure, but the US was still part of the anti-bribery pact until now.
Its also exceedingly hard for CBN to exit a contract quickly. Procurement cycles for things like printing money and DLID systems are years in length, generally two. CBN would need to wait for the next RFC cycle, and then simply not put in an offer.
They can't just exit a contract for these types of systems, it's not juice exports.
And if they kept doing business with a country taking bribes, they would lose their contracts in Canada, NZ, Australia and others. But those three are huge contract holders. It would kill CBNs business.
Just like the Aipocalyse, "the only needed guardrail against corruption is me" - DJT
Russia left the watchdog in 2023, and Belarus followed in 2024.
So we're in incredible company.
Makes sense, a corrupt regime in an anticorruption organisation , an uncomfortable fit.
Just another day in the swamp folks
Of course they did. Sigh.
Yeah because the 30 something times convicted felon, serial pedo rapist has nothing to hide, neither do those that are currently clinging to him like flies on shit.
.
That is the most noble thing the US administration has done. The US is a corrupt country and their membership in a corruption watchdog is like putting a pedophile on a kindergarten board.