FCPAméricas Blog

Latin America’s Top FCPA Stories of 2013

Author: Matteson Ellis

2013FCPAIn the world of FCPA enforcement, 2013 was a big year. Some have pointed out, “After getting off to a slow start, with no official corporate FCPA settlements announced in the first quarter, 2013 witnessed two of the top ten biggest settlements of all time.” Others cite “a nearly fourfold increase in the size of the average corporate fine.”

2013 was also a big year for FCPA enforcement in Latin America. FCPAméricas outlines below the top five FCPA stories of last year in Latin... Read more

Mexico’s New Anti-Money Laundering Law

Author: Guest Author

MonicaThe author of this post, Mónica Ramírez Chimal, is founder and partner of her own consulting firm, ASSERTO RSC in Mexico City. She is also author of the book: Don´t let them wash, Nor dry! A guide that helps companies protect themselves from money laundering risk. She has been a speaker in several forums and is regularly interviewed by the media in relation to the publication of her book. Mónica is a Public Accountant and has a masters degree in International Management, both from ITAM.

Mexico passed two important anti-money laundering (AML) milestones in 2013. On July 17, the Federal Law on the Prevention and Identification of Operations with Il... Read more

An Extraordinary Number of Enforcement Authorities Under Brazil’s New Anti-Bribery Law … and the Potential Negative Consequences

Author: Carlos Ayres

CGU2Under Brazil’s new anti-bribery law, the Office of the Federal Comptroller General (CGU) has authority to investigate and apply administrative sanctions for the illegal acts committed against foreign public administrations.

This is a good thing. As a central agency of the federal government, the CGU has a qualified technical team specialized in anti-corruption matters. The agency has also been involved in discussions about the new law since the early stages of its legislative process. It is familiar with the law’s key features. Given CGU’s centralized approach and specialized expertise, one expects it to apply the law in a coherent way.

But for acts committed against the Brazilian public administration, the anti-bribery law provides for enforcement by “the highest authority o... Read more


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