FCPAméricas Blog
Brazilian Office of The Comptroller General takes Another Step Forward In Combating Corruption
5.25.2016
Michel Sancovski is an Associate attorney at Trench, Rossi e Watanabe Advogados.
Since January 29, 2014, when the Clean Companies Act came into force, the Brazilian Office of the Comptroller General (Controladoria Geral da União – CGU) has consistently increased its efforts to combat and prevent corruption and bribery.
Recently, the CGU took another important measure. On April 28, 2016, CGU enacted Directive No. 784 (Portaria No. 784... Read more
The Panama Papers: What U.S. Enforcement Could Look Like
5.04.2016
The following guest post is from Timothy O’Toole, a Member of Miller & Chevalier who focuses on sanctions, export controls, and other international regulatory and compliance issues.
The Panama Papers have recently become a worldwide, front-page news story, in the wake of reports from the International Consortium of Investigative Journalists (ICIJ) describing the alleged involvement of a number of individuals in offshore bank accounts. But while the reports have generated significant news coverage, the remaining question is whether they will also generate enforcement actions. The answer is likely yes.
Indeed, a virtual roadmap for such investigations already exists, with U.S. regu... Read more
Ten Measures Proposed by the Brazilian Federal Prosecution Service to Fight Corruption (Part II)
4.29.2016
Th
e Brazilian Federal Prosecution Service launched a campaign last year to close ranks on corruption, proposing ten measures. The initiative is known as 10 Measures Against Corruption and, as of March 25, 2016, it had obtained 2,028,263 petitions from supporters around the country. On March 30th, it was delivered to Congress as a bill of law by popular initiative and will now follow the legislative process. In a previous post, the 5 first measures were presented. The remaining 5 measures are summarized below.
6) Reform of statute of limitations rules. The sixth measure increases the statute of limitations period in one third and makes other changes to the commenceme... Read more
