Corruption has been a critical hurdle for Latin American countries, denting growth, weakening democracy and governance, and violating the rights of citizens. With governments under increasing financial strain and healthcare systems severely impaired by the pandemic, graft’s effects on society are amplified.… Continue Reading
Posts Tagged: Chile
The former CEO of a Chile-based chemical and mining company agreed Tuesday to pay $125,000 to resolve civil charges that he violated the Foreign Corrupt Practices Act.
Patricio Contesse González caused Sociedad Química y Minera de Chile, S.A.… Continue Reading
Sociedad Química y Minera de Chile SA agreed Friday to pay $30.5 million to resolve criminal and civil Foreign Corrupt Practices Act charges that it bribed Chilean politicians to influence government policies and plans.… Continue Reading
LATAM Airlines Group S.A., a commercial airline company based in Chile, agreed to pay more than $22 million to the DOJ and SEC Monday to resolve FCPA offenses for bribing union officials in Argentina.… Continue Reading
I live in Mexico City and work in Mexico and Latin America. Here’s what ISO 37001 looks like from my perspective.
In the next few months, the Geneva-based International Organization for Standardization, or ISO, is expected to release its anti-bribery management systems standard, Number 37001.… Continue Reading
Olympus Corporation of the Americas said Tuesday it settled two separate U.S. investigations, including one involving Foreign Corrupt Practices Act offenses.
The company’s Latin America unit agreed to pay $22.8 million to resolve criminal allegations that it violated the FCPA.… Continue Reading
The CEO of South America-based LAN Airlines agreed Thursday to settle SEC charges that he violated the Foreign Corrupt Practices Act when he authorized more than $1 million in improper payments to a sham consultant during a dispute between the airline and its unionized employees in Argentina.… 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
One of the biggest corruption scandals in Chile — Caso Penta — is still unfolding as prosecutors doggedly follow the money.
The case started in 2012 as a tax fraud investigation against a former official of Chilean Internal Revenue Service, Ivan Alvarez.… Continue Reading
Here are highlights from Latin America in connection with corruption, enforcement, and compliance through May 2015.
Argentina: The Minister of Planning, Julio de Vido, and the governor of the Chubut province, Mario das Neves, are under investigation by the United States Securities and Exchange Commission for involvement in a bribery scheme to award oil contracts.… Continue Reading
Transparency International (TI) released its eighth annual progress report on the enforcement of the OECD Anti-Bribery Convention today.
The progress report represents an independent assessment of the status of OECD enforcement, based on reports from TI national chapters in 37 OECD Convention countries.… Continue Reading