FCPAméricas Blog
Archive for Mexico category:
New Pemex Corruption Risks
2.29.2016
Over the years, companies providing goods and services to Petróleos Mexicanos (Pemex), Mexico’s state-owned oil & gas company, have faced numerous FCPA risks. Pemex is considered an “instrumentality” of a foreign government under the FCPA since it is controlled by the Mexican Government. As a result, its officials are considered “foreign officials” under the FCPA, […]
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New FCPA Risks in Mexico’s Historic Energy Reform
2.28.2016
In 2013, the Mexican Congress approved constitutional amendments to open oil & gas exploration and production to foreign investment, ending the monopoly of Petróleos Mexicanos (Pemex). In the second half of 2015, the Comisión Nacional de Hidrocarburos (CNH), the entity created by the Ministry of Energy to supervise the award of E&P blocks to private […]
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New Corruption Risk Data for Mexico
12.31.2015
Lots of eyes are on Mexico right now, given the country’s efforts to develop a new National Anti-Corruption System, the opening up of its energy sector to foreign investment, and the reality of corruption risk that persists for business there, making attention to anti-corruption compliance of continued importance. It is fitting that two reputable actors […]
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Ten Key Aspects of Mexico’s New National Anti-Corruption System (the SNA)
5.14.2015
This guest post was provided by Diego Sierra, partner of Von Wobeser & Sierra law firm in Mexico City, who focuses on Mexican anti-corruption compliance matters. On April 22nd, 2015, the Mexican Chamber of Senators approved constitutional reform in the area of fighting corruption. The reform was then approved by 22 state legislatures, according to […]
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Anti-Corruption Reform Moving Forward in Mexico
4.30.2015
Believe it or not, anti-corruption reform is happening in Mexico. This is highly significant. As FCPAméricas noted in the past, for years the country has been criticized by the OECD Working Group for not moving fast enough to implement legal changes necessary to satisfy its commitments under the OECD Anti-Bribery Convention. Mexican President Peña Nieto […]