Over 60 experts from 33 countries (from Latin America, there were delegations from Argentina, Brazil, Ecuador, Guatemala, and Mexico) participated last week in Mexico City in the final round of discussions related to the draft of ISO 37.001 (Anti-Bribery Management System). Participants considered and discussed over 540 comments to the draft. The final version is expected to be approved in the coming weeks. ISO 37.001 is expected to be published by the end of 2016. Below is some key information about the upcoming ISO 37.001.
An ISO Standard. The International Organization for Standardization (ISO) develops and publishes international standards. It is co... Read more
The Mexican House of Representatives approved on April 28 of this year a criminal reform bill that modifies ten major laws in Mexico. For the first time in Mexican history, this bill establishes direct criminal liability for companies at the Federal level. Although this bill must still be approved by the Senate, it is based on a prior version of the bill already approved by the Senate. The deadline for implementation of the Constitutional reform is June 18, 2016. The passage of the bill appears to be imminent.
This criminal reform bill is intended to implement the major constitutional amendment of June 18, 2008 that committed the Mexican cri... Read more
FCPA internal investigations are a hot topic today in Latin America. The region is seeing a dramatic increase in focus on investigating potential wrongdoing within large organizations. Indeed, companies throughout the region are conducting internal reviews of significant FCPA compliance questions, including headline cases like Petrobras, Embraer, Eletrobras, and SQM. The U.S. Department of Justice’s recent announcement of its FCPA pilot program also serves to elevate the emphasis on internal investigations. This is because a key component of credit under the program is cooperation, which often means conducting one’s own internal investigation and reporting the findings to the authorities.
FCPAméricas has written previously about impor... Read more