Earlier this month, the Brazilian Minister of Justice Sergio Moro presented a bill proposing an “anticrime package,” establishing “measures against corruption, organized crime and crimes committed with serious violence.”
The bill proposes modifications in fourteen laws, ensuring the enforcement of the conviction after an appellate court judgment, increasing the effectiveness of the jury, guaranteeing the serving of the sentences, increasing the penalties for crimes related to firearms, reforming the crime of “resistance,” and criminalizing slush funds.… Continue Reading
In 2017, Brazil played a big role in global anti-corruption enforcement. During the year, the largest leniency agreement in Brazil’s history was signed, and the second largest was ratified by the Brazilian courts.… Continue Reading
Brazil’s Central Bank issued a rule on compliance policies for financial institutions and credit unions. Resolution Nº 4,595 of August 28, 2017 requires these institutions to adopt compliance programs.
Under the new rule, boards of directors of financial institutions are required to send documentation to the Central Bank and an annual report with the results of activities related to the compliance function.… Continue Reading
In a prior post for the FCPA Blog, Elena Lazareva wrote about Caso Penta — one of the biggest corruption scandals in Chilean history. As she said, the case is revealing hidden connections between business and politics in the country.… Continue Reading
In a prior post earlier this year for the FCPA Blog, I talked about what Brazil is doing to clean up graft. This post continues that discussion, with a focus on official guidance from agencies and regulators about new anti-corruption laws and regulations and how to comply with them.… Continue Reading
Here are some highlights from Latin American about corruption, enforcement, and compliance through August 2015.
Argentina: Three former employees of the Argentinian Mint (Casa de La Moneda) and a representative of the German company Atlantic Zeiser were sentenced to prison for an overpricing scheme, in which the SOE’s employees took bribes to award contracts for the purchase of technical equipment.… Continue Reading
Transparency International’s 2015 Exporting Corruption report indicates that about half of the OECD antibribery convention countries have failed to prosecute any foreign bribery cases since 1999.
Nine countries with 12.6 percent of world exports have only limited enforcement, and twenty countries with 20.5 percent of world exports have little or no enforcement.… Continue Reading
Here are highlights about Latin American corruption, enforcement, and compliance through June 2015.
Although some countries aren’t strictly “Latin American” (Guyana and Puerto Rico, for example), they’re usually included in the regional grouping, and I thought it was appropriate to mention them.… Continue Reading
In two earlier posts, I looked at enforcement in Brazil during the prior calendar quarter. The first post described some of the enforcement actions and investigations that are ongoing, and the second post focused on graft scandals that could have a particular impact on the government.… Continue Reading