Since Operation Car Wash began in 2014, the Ministério Público Federal (“MPF”), Brazil’s federal prosecution service, has emerged as a leader in the global fight against corruption. In addition to its role as the principal entity prosecuting conduct related to Operation Car Wash—Brazil’s largest corruption investigation in history—the MPF has become a trusted and effective partner of U.S. enforcement agencies.
To run an effective FCPA compliance program in Latin America, it is important to know the terms and phrases used locally to describe bribery. This helps companies identify corruption risks and respond with appropriate compliance strategies. Compliance trainings in the region are more effective when corruption risks can be explained using familiar terminology. Compliance audits and internal investigations can use local bribery terminology in electronic document searches to identify problematic issues.
A lot has been going on in Brazil in the anti-bribery field. There have been different developments that are noteworthy. This post highlights 5 relevant developments that took place in 2016. Other relevant developments will be summarized in the next post.
Car Wash continues to advance. The Operation Car Wash was initially launched in March 2014. In 2016 alone, 17 special operations were carried out by the Federal Prosecutors task force and 20 criminal charges were filed in connection with corruption, money laundering, conspiracy, and related crimes. In 2015, 15 special operations were carried out and 15 criminal charges were filed. In 2014, 8 special operations were carried out and 17 criminal charges were filled. In total, as of December 2016, the Car Wash resulte... Read more