Political contributions are often an area of anti-corruption compliance concern in Brazil. As highlighted by Lucio Rennó, Associate Professor in the Program on the Americas at University of Brasília, in his book Corruption and Democracy in Brazil: The Struggle for Accountability, “it is impossible to understand the Brazilian election without considering the impact of corruption.”
Given that Brazil is now in election season (elections for the Senate, Federal Congress and State Congresses took place on October 5 and the second round of voting for president and governor in some states takes place on October 26), this post provides a list of areas that compliance personnel should take into consideration with respect to political contributions here.
Pay attention to local law. Local legislation limits political contributions of companies to 2% of the gross of their revenue (or, for individuals, 10% of their income) o...Read more
Neither a company nor its directors or officers have an affirmative obligation under the FCPA to disclose knowledge of a violation. But enforcement officials stress that there are benefits to doing so, including more lenient treatment and credit when penalties are calculated. Recently, outgoing DOJ Fraud Section Chief Jeffrey Knox said in an interview with Just Anti-Corruption, “[C]ompanies that self-disclose conduct are in a much better position than those who don’t. They are much more likely to be given deference by us than those that are receiving a phone call from us telling them about the conduct.”
What issues can companies consider when facing the question – should we disclose?
How egregious was the violation? Did the misconduct involve high-ranking employees? Was it extensive and systemic in the organization? The better the facts, the more inclined authorities will be to extend significant leniency to the com...Read more
Anti-Corruption Efforts in the Caribbean: Enforcement, Civil Society, and the Multilateral Development Banks
On September 30, the American Bar Association, Section of International Law is presenting a panel discussion teleconference regarding Anti-Corruption efforts in the Caribbean. The panel will be moderated by Matthew Fowler – a regular contributor to FCPAmericas – and will feature prominent anti-corruption voices from the region.
Anti-Corruption Efforts in the Caribbean:
Enforcement, Civil Society, and the Multilateral Development Banks
Program 7 of the International Anti-Corruption Committee’s ‘Around the World’ Series
A non-CLE program proudly presented by
ABA Section of International Law
International Anti-Corruption Committee