FCPA Compliance Report - International Edition FCPAComplianceReport.com en In this bi-weekly show, Tom Fox, the Compliance Evangelist interviews a compliance industry leader from outside the US. https://megaphone.imgix.net/podcasts/27942fee-d313-11e8-b2ef-8399bf7415d2/image/uploads_2F1539893882737-hry1hkcuujk-edff92ce6f22d0cd65535c5d5aacd114_2FInternational+edition.jpg?ixlib=rails-4.3.1&max-w=3000&max-h=3000&fit=crop&auto=format,compress FCPA Compliance Report - International Edition FCPAComplianceReport.com episodic Getting into international compliance Tom Fox In this bi-weekly show, Tom Fox, the Compliance Evangelist interviews a compliance industry leader from outside the US. In this bi-weekly show, Tom Fox, the Compliance Evangelist interviews a compliance industry leader from outside the US.

]]> Tom Fox tfox@tfoxlaw.com This Week in FCPA-Episode 132 As Tom and Jay prepare for the December holiday season, they consider data privacy, an FCPA trial, the Moonves scandal, give personal remembrances of and say farewell to George H. W. Bush and all while reviewing the week’s top compliance and ethics stories. Topics include: 1.    Compliance Week devotes an entire issue to data privacy. 2.    What are some common pitfalls in 3rdParty due diligence? 3.     Did Jho Low bribe US government officials? 4.    Can banks improve their AML programs without fear of enforcement? US regulators say yes. State of New York-maybe. 5.    How will Goldman Sach’s role in the 1MDB scandal test the DOJ? 6.    Hong Kong's former home secretary was convicted of FCPA violations bribing African officials on behalf of a Chinese energy company. 7.    More commentary on modifications to the Yates Memo and what it means for the CCO. 8.    The investigation into Les Moonves and his conduct at CBS is damning. 9.    Great Women in Compliance premiered on the Compliance Podcast Network this week. 10.  Interested in learning some compliance lessons through the movies? Tom and Jay begin a new podcast series Popcorn and Compliancewhere they consider compliance lessons while indulging in their love of the movies. 11.  Tom and Jay pay tribute to George H. W. Bush. For more information on how an independent monitor can help improve your company’s ethics and compliance program, visit our sponsor Affiliated Monitors at www.affiliatedmonitors.com.  Learn more about your ad choices. Visit megaphone.fm/adchoices Fri, 07 Dec 2018 16:53:00 -0000 full 132 Tom Fox Farewell to George Bush As Tom and Jay prepare for the December holiday season, they consider data privacy, an FCPA trial, the Moonves scandal, give personal remembrances of and say farewell to George H. W. Bush and all while reviewing the week’s top compliance and ethics stories. Topics include: 1.    Compliance Week devotes an entire issue to data privacy. 2.    What are some common pitfalls in 3rdParty due diligence? 3.     Did Jho Low bribe US government officials? 4.    Can banks improve their AML programs without fear of enforcement? US regulators say yes. State of New York-maybe. 5.    How will Goldman Sach’s role in the 1MDB scandal test the DOJ? 6.    Hong Kong's former home secretary was convicted of FCPA violations bribing African officials on behalf of a Chinese energy company. 7.    More commentary on modifications to the Yates Memo and what it means for the CCO. 8.    The investigation into Les Moonves and his conduct at CBS is damning. 9.    Great Women in Compliance premiered on the Compliance Podcast Network this week. 10.  Interested in learning some compliance lessons through the movies? Tom and Jay begin a new podcast series Popcorn and Compliancewhere they consider compliance lessons while indulging in their love of the movies. 11.  Tom and Jay pay tribute to George H. W. Bush. For more information on how an independent monitor can help improve your company’s ethics and compliance program, visit our sponsor Affiliated Monitors at www.affiliatedmonitors.com.  Learn more about your ad choices. Visit megaphone.fm/adchoices As Tom and Jay prepare for the December holiday season, they consider data privacy, an FCPA trial, the Moonves scandal, give personal remembrances of and say farewell to George H. W. Bush and all while reviewing the week’s top compliance and ethics stories. Topics include:

1.    Compliance Week devotes an entire issue to data privacy. 2.    What are some common pitfalls in 3rdParty due diligence?

3.     Did Jho Low bribe US government officials? 4.    Can banks improve their AML programs without fear of enforcement? US regulators say yes. State of New York-maybe. 5.    How will Goldman Sach’s role in the 1MDB scandal test the DOJ? 6.    Hong Kong's former home secretary was convicted of FCPA violations bribing African officials on behalf of a Chinese energy company. 7.    More commentary on modifications to the Yates Memo and what it means for the CCO. 8.    The investigation into Les Moonves and his conduct at CBS is damning. 9.    Great Women in Compliance premiered on the Compliance Podcast Network this week. 10.  Interested in learning some compliance lessons through the movies? Tom and Jay begin a new podcast series Popcorn and Compliancewhere they consider compliance lessons while indulging in their love of the movies. 11.  Tom and Jay pay tribute to George H. W. Bush.

For more information on how an independent monitor can help improve your company’s ethics and compliance program, visit our sponsor Affiliated Monitors at www.affiliatedmonitors.com. 

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]]> 1986 Compliance Report-International Edition-Timur Khasanov-Batirov This month I am celebrating 1000 podcasts by discussing with my colleagues and friends from professional community on past, present and future of compliance. Today we have Timur Khasanov-Batirov, my co-host in Compliance Man Goes Global podcast series on trends in compliance in emerging markets. Learn more about your ad choices. Visit megaphone.fm/adchoices Fri, 28 Sep 2018 01:24:00 -0000 Emerging Markets over the Past 5 Years full Tom Fox Emerging Markets over the Past 5 Years This month I am celebrating 1000 podcasts by discussing with my colleagues and friends from professional community on past, present and future of compliance. Today we have Timur Khasanov-Batirov, my co-host in Compliance Man Goes Global podcast series on trends in compliance in emerging markets. Learn more about your ad choices. Visit megaphone.fm/adchoices This month I am celebrating 1000 podcasts by discussing with my colleagues and friends from professional community on past, present and future of compliance. Today we have Timur Khasanov-Batirov, my co-host in Compliance Man Goes Global podcast series on trends in compliance in emerging markets.

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]]> 1154 no Compliance Report International Edition Welcome to Episode 9 of Compliance Man Goes Global podcast of FCPA Compliance Report International Edition. In this episode, we will focus on things, which actually could kill compliance in the organization. We will explore this matter in a plain language so to say and in the simple game form. Moreover, to make the podcast handy and more appealing we attach respective illustration from the Compliance Man illustrated series, created by Timur Khasanov-Batirov.  Learn more about your ad choices. Visit megaphone.fm/adchoices Tue, 30 Jan 2018 17:00:00 -0000 Compliance Man Goes Global-Episode 9: Unstoppable full 9 Tom Fox Compliance Man Goes Global-Episode 9: Unstoppable Welcome to Episode 9 of Compliance Man Goes Global podcast of FCPA Compliance Report International Edition. In this episode, we will focus on things, which actually could kill compliance in the organization. We will explore this matter in a plain language so to say and in the simple game form. Moreover, to make the podcast handy and more appealing we attach respective illustration from the Compliance Man illustrated series, created by Timur Khasanov-Batirov.  Learn more about your ad choices. Visit megaphone.fm/adchoices Welcome to Episode 9 of Compliance Man Goes Global podcast of FCPA Compliance Report International Edition. In this episode, we will focus on things, which actually could kill compliance in the organization. We will explore this matter in a plain language so to say and in the simple game form. Moreover, to make the podcast handy and more appealing we attach respective illustration from the Compliance Man illustrated series, created by Timur Khasanov-Batirov. 

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 982 no Compliance Report-International Edition Welcome to Episode 5 of Compliance Man Goes Global podcast of FCPA Compliance Report International Edition. In this episode, we focus on typical concepts (or probably myths) of ways a Compliance professional might become a more valuable member of the management team rather than becoming most hated person in the organization. We will do it in plain language and in the simple game form.  Learn more about your ad choices. Visit megaphone.fm/adchoices Wed, 15 Nov 2017 17:00:00 -0000 Compliance Man Goes Global-Episode 5 full Tom Fox Compliance Man Goes Global-Episode 5, You Really Like Me Welcome to Episode 5 of Compliance Man Goes Global podcast of FCPA Compliance Report International Edition. In this episode, we focus on typical concepts (or probably myths) of ways a Compliance professional might become a more valuable member of the management team rather than becoming most hated person in the organization. We will do it in plain language and in the simple game form.  Learn more about your ad choices. Visit megaphone.fm/adchoices Welcome to Episode 5 of Compliance Man Goes Global podcast of FCPA Compliance Report International Edition. In this episode, we focus on typical concepts (or probably myths) of ways a Compliance professional might become a more valuable member of the management team rather than becoming most hated person in the organization. We will do it in plain language and in the simple game form. 

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 1144 no Compliance Report-International Edition In this episode, I have New Yorker writer and reporter Adam Davidson on his recent article entitled, "Piercing the Veil of Secrecy Shrouding the Trump Deal in the Republic of Georgia”. In this article Davidson looks at some of the business practices of the Trump organization Learn more about your ad choices. Visit megaphone.fm/adchoices Thu, 09 Nov 2017 17:00:00 -0000 Adam Davidson full Tom Fox Adam Davidson In this episode, I have New Yorker writer and reporter Adam Davidson on his recent article entitled, "Piercing the Veil of Secrecy Shrouding the Trump Deal in the Republic of Georgia”. In this article Davidson looks at some of the business practices of the Trump organization Learn more about your ad choices. Visit megaphone.fm/adchoices In this episode, I have New Yorker writer and reporter Adam Davidson on his recent article entitled, "Piercing the Veil of Secrecy Shrouding the Trump Deal in the Republic of Georgia”. In this article Davidson looks at some of the business practices of the Trump organization

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 1868 no Compliance Report-International Edition n this episode, I visit with Doreen Edelman, a partner at Baker Donelson. We discuss the current state of NAFTA negotiations and some of the key issues together with important dates and milestones.  Learn more about your ad choices. Visit megaphone.fm/adchoices Tue, 31 Oct 2017 13:07:00 -0000 Doreen Edelman on Current State of NAFTA Negotiations full Tom Fox Doreen Edelman on Current State of NAFTA Negotiations n this episode, I visit with Doreen Edelman, a partner at Baker Donelson. We discuss the current state of NAFTA negotiations and some of the key issues together with important dates and milestones.  Learn more about your ad choices. Visit megaphone.fm/adchoices n this episode, I visit with Doreen Edelman, a partner at Baker Donelson. We discuss the current state of NAFTA negotiations and some of the key issues together with important dates and milestones. 

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]]> 1961 no Compliance Man Goes Global Welcome to Episode 4 of Compliance Man Goes Global podcast of FCPA Compliance Report International Edition. In this episode, we will focus on typical myths and mistakes regarding compliance trainings. We will do it in plain language so to say and in the simple game form. Moreover, to make the podcast handy and more appealing we attach respective illustration from the Compliance Man illustrated series, created by Timur Khasanov-Batirov. Learn more about your ad choices. Visit megaphone.fm/adchoices Tue, 24 Oct 2017 12:56:00 -0000 Episode 4: Trainings, Trainings, Trainings full 4 Tom Fox Episode 4: Trainings, Trainings, Trainings Welcome to Episode 4 of Compliance Man Goes Global podcast of FCPA Compliance Report International Edition. In this episode, we will focus on typical myths and mistakes regarding compliance trainings. We will do it in plain language so to say and in the simple game form. Moreover, to make the podcast handy and more appealing we attach respective illustration from the Compliance Man illustrated series, created by Timur Khasanov-Batirov. Learn more about your ad choices. Visit megaphone.fm/adchoices Welcome to Episode 4 of Compliance Man Goes Global podcast of FCPA Compliance Report International Edition. In this episode, we will focus on typical myths and mistakes regarding compliance trainings. We will do it in plain language so to say and in the simple game form. Moreover, to make the podcast handy and more appealing we attach respective illustration from the Compliance Man illustrated series, created by Timur Khasanov-Batirov.

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 1111 no Compliance Report-International Edition In this Episode 2 of Compliance Man Goes Global podcast of FCPA Compliance Report International Edition, we focus on real priorities of the corporate compliance programming at high-risk markets. Learn more about your ad choices. Visit megaphone.fm/adchoices Wed, 27 Sep 2017 15:15:00 -0000 Compliance Man Goes Global- Episode 2 full 2 Tom Fox Compliance Man Goes Global- Episode 2 In this Episode 2 of Compliance Man Goes Global podcast of FCPA Compliance Report International Edition, we focus on real priorities of the corporate compliance programming at high-risk markets. Learn more about your ad choices. Visit megaphone.fm/adchoices In this Episode 2 of Compliance Man Goes Global podcast of FCPA Compliance Report International Edition, we focus on real priorities of the corporate compliance programming at high-risk markets.

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 1227 no Compliance Report-International Edition In this new podcast series, we take two typical concepts or more-probably misconceptions from in-house compliance conventional wisdom. We check out if these concepts work in emerging jurisdictions.  Learn more about your ad choices. Visit megaphone.fm/adchoices Tue, 19 Sep 2017 16:00:00 -0000 Compliance Man Goes Global-Part I full Tom Fox Compliance Man Goes Global, Episode 1 In this new podcast series, we take two typical concepts or more-probably misconceptions from in-house compliance conventional wisdom. We check out if these concepts work in emerging jurisdictions.  Learn more about your ad choices. Visit megaphone.fm/adchoices In this new podcast series, we take two typical concepts or more-probably misconceptions from in-house compliance conventional wisdom. We check out if these concepts work in emerging jurisdictions. 

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 1563 no Compliance Report-International Edition In this episode, Tim Khasanov and I look at the former Soviet Union states, one of the most interesting region for Compliance professionals. we will touch 10 hot questions on corporate ethics in this region.  Learn more about your ad choices. Visit megaphone.fm/adchoices Mon, 07 Aug 2017 14:00:00 -0000 Tim Khasanov on Compliance in post-Soviet states full Tom Fox Tim Khasanov on Compliance in post-Soviet states In this episode, Tim Khasanov and I look at the former Soviet Union states, one of the most interesting region for Compliance professionals. we will touch 10 hot questions on corporate ethics in this region.  Learn more about your ad choices. Visit megaphone.fm/adchoices In this episode, Tim Khasanov and I look at the former Soviet Union states, one of the most interesting region for Compliance professionals. we will touch 10 hot questions on corporate ethics in this region. 

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 1461 no Compliance Report-International Edition-Carlos Ayers In this episode I visit with Carlos Ayers on steps you can take to make your compliance program more effective to employees in Latin America. This includes such things are localizing your training and presentations, consideration of local laws, use of language and regionalizing your approach.  Learn more about your ad choices. Visit megaphone.fm/adchoices Thu, 13 Jul 2017 11:22:00 -0000 full Tom Fox Tropicalizing Your Compliance Program In this episode I visit with Carlos Ayers on steps you can take to make your compliance program more effective to employees in Latin America. This includes such things are localizing your training and presentations, consideration of local laws, use of language and regionalizing your approach.  Learn more about your ad choices. Visit megaphone.fm/adchoices In this episode I visit with Carlos Ayers on steps you can take to make your compliance program more effective to employees in Latin America. This includes such things are localizing your training and presentations, consideration of local laws, use of language and regionalizing your approach. 

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 1341 no Compliance Report-International Edition In this episode I visit with Luciana Silveira, a PhD candidate who is studying the FCPA and how it is has affected international trade flows. Some of the questions she is considering include the following: Was US business abroad affected? Did US companies decide to change their foreign business strategy because of the FCPA? After so many years of the law, what is the private sector overall opinion about the FCPA? Silveira believes the answers to these questions  are neither straightforward nor simple. To that end, the PhD research she is developing will hopefully provide us with some new and updated answers, as well shed more light to the impacts of the FCPA to US international trade. Equally importantly, she is using the FCPA as reference to my studies on potential impacts of the Clean Company Act, a similar anticorruption legislation that came into force in Brazil in January 2014. To complement a quantitative analysis regarding merchandise trade flows, she is using a 15-questions survey (available at https://ldosilveira.typeform.com/to/uhtKYZ). It is confidential, and there is no question that requires strategic corporate information. She hopes that you will participate as all input is welcome and encouraged. Learn more about your ad choices. Visit megaphone.fm/adchoices Wed, 14 Jun 2017 17:00:00 -0000 full Tom Fox Luciana Silveira Effect of FCPA on International Trade In this episode I visit with Luciana Silveira, a PhD candidate who is studying the FCPA and how it is has affected international trade flows. Some of the questions she is considering include the following: Was US business abroad affected? Did US companies decide to change their foreign business strategy because of the FCPA? After so many years of the law, what is the private sector overall opinion about the FCPA? Silveira believes the answers to these questions  are neither straightforward nor simple. To that end, the PhD research she is developing will hopefully provide us with some new and updated answers, as well shed more light to the impacts of the FCPA to US international trade. Equally importantly, she is using the FCPA as reference to my studies on potential impacts of the Clean Company Act, a similar anticorruption legislation that came into force in Brazil in January 2014. To complement a quantitative analysis regarding merchandise trade flows, she is using a 15-questions survey (available at https://ldosilveira.typeform.com/to/uhtKYZ). It is confidential, and there is no question that requires strategic corporate information. She hopes that you will participate as all input is welcome and encouraged. Learn more about your ad choices. Visit megaphone.fm/adchoices In this episode I visit with Luciana Silveira, a PhD candidate who is studying the FCPA and how it is has affected international trade flows. Some of the questions she is considering include the following: Was US business abroad affected? Did US companies decide to change their foreign business strategy because of the FCPA? After so many years of the law, what is the private sector overall opinion about the FCPA?

Silveira believes the answers to these questions  are neither straightforward nor simple. To that end, the PhD research she is developing will hopefully provide us with some new and updated answers, as well shed more light to the impacts of the FCPA to US international trade. Equally importantly, she is using the FCPA as reference to my studies on potential impacts of the Clean Company Act, a similar anticorruption legislation that came into force in Brazil in January 2014. To complement a quantitative analysis regarding merchandise trade flows, she is using a 15-questions survey (available at https://ldosilveira.typeform.com/to/uhtKYZ). It is confidential, and there is no question that requires strategic corporate information. She hopes that you will participate as all input is welcome and encouraged.

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 1594 no FCPA Compliance Report-International Edition In this episode I visit with Jonathan Armstrong on his views on the new DOJ Evaluation of Corporate Compliance Programs. Armstrong provides a detailed analysis of some of the key differences between how compliance is operationalized in the US as opposed to the UK and EU countries. He explains how the enhanced requirements for root cause analysis, risk assessments and investigations and the supplemented requirements to tie back into the ongoing compliance monitoring and updating, could run afoul of UK and EU data protection and data privacy requirements.  He also considers what a non-US company, subject to the FCPA what should look to as a best practices compliance program to best protect the organization. Finally explores just how far does all of this go? He provides on statistic that puts a huge bow on the difficulties going forward.  For the Cordery Compliance article see the following, US Department of Justice on Evaluation of Corporate Compliance : how does it compare to UK Bribery Act 2010? Learn more about your ad choices. Visit megaphone.fm/adchoices Wed, 29 Mar 2017 12:00:00 -0000 full Tom Fox Jonathan Armstrong In this episode I visit with Jonathan Armstrong on his views on the new DOJ Evaluation of Corporate Compliance Programs. Armstrong provides a detailed analysis of some of the key differences between how compliance is operationalized in the US as opposed to the UK and EU countries. He explains how the enhanced requirements for root cause analysis, risk assessments and investigations and the supplemented requirements to tie back into the ongoing compliance monitoring and updating, could run afoul of UK and EU data protection and data privacy requirements.  He also considers what a non-US company, subject to the FCPA what should look to as a best practices compliance program to best protect the organization. Finally explores just how far does all of this go? He provides on statistic that puts a huge bow on the difficulties going forward.  For the Cordery Compliance article see the following, US Department of Justice on Evaluation of Corporate Compliance : how does it compare to UK Bribery Act 2010? Learn more about your ad choices. Visit megaphone.fm/adchoices In this episode I visit with Jonathan Armstrong on his views on the new DOJ Evaluation of Corporate Compliance Programs. Armstrong provides a detailed analysis of some of the key differences between how compliance is operationalized in the US as opposed to the UK and EU countries. He explains how the enhanced requirements for root cause analysis, risk assessments and investigations and the supplemented requirements to tie back into the ongoing compliance monitoring and updating, could run afoul of UK and EU data protection and data privacy requirements.  He also considers what a non-US company, subject to the FCPA what should look to as a best practices compliance program to best protect the organization. Finally explores just how far does all of this go? He provides on statistic that puts a huge bow on the difficulties going forward. 

For the Cordery Compliance article see the following, US Department of Justice on Evaluation of Corporate Compliance : how does it compare to UK Bribery Act 2010?

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> 1622 no FCPA Compliance Report-International Edition with Carlos Ayres In this inaugural episode of the FCPA Compliance Report-International Edition, I have Carlos Ayres, a partner in Madea, Ayres and Sarubbi in Sao Paulo. We discuss an  interesting development from the Odebrecht corruption scandal, federal prosecutors in Brazil and ten other countries recently announced they had agreed to cooperate in ongoing investigations surrounding the company. The Odebrecht case involved bribery and corruption allegations reaching multiple countries throughout the Americas. Now  reports indicate that officials from Brazil, Argentina, Chile, Colombia, the Dominican Republic, Panama, Mexico, Peru and even the notoriously corrupt Venezuela, along with the European nation of Portugal, have agreed to “start a combined task force with bilateral and multilateral investigative teams to coordinate a probe” of the company. We also discuss recent reports which indicate show companies in Brazil are taking this approach in response to the country’s more aggressive enforcement against endemic corruption in commercial businesses. This is partly in response to the allegations and investigations brought forward by Operation Car Wash and the attendant Odebrecht anti-corruption enforcement action. Jorge Abrahão, president of Brazil’s Ethos Institute, a corporate social responsibility organization said “We are witnessing a big change in Brazil—there is an understanding in society now that whoever doesn’t take the issues of corruption and transparency seriously will not have a place in the market in the future. For More Information on these topics see my blog posts:  A South American Response to Corruption Companies now doing compliance in BrazilCarlos Ayres can be reached via email at carlos.ayres@maedaayres.com. Learn more about your ad choices. Visit megaphone.fm/adchoices Tue, 21 Mar 2017 12:00:00 -0000 full Tom Fox A South America Response to Corruption In this inaugural episode of the FCPA Compliance Report-International Edition, I have Carlos Ayres, a partner in Madea, Ayres and Sarubbi in Sao Paulo. We discuss an  interesting development from the Odebrecht corruption scandal, federal prosecutors in Brazil and ten other countries recently announced they had agreed to cooperate in ongoing investigations surrounding the company. The Odebrecht case involved bribery and corruption allegations reaching multiple countries throughout the Americas. Now  reports indicate that officials from Brazil, Argentina, Chile, Colombia, the Dominican Republic, Panama, Mexico, Peru and even the notoriously corrupt Venezuela, along with the European nation of Portugal, have agreed to “start a combined task force with bilateral and multilateral investigative teams to coordinate a probe” of the company. We also discuss recent reports which indicate show companies in Brazil are taking this approach in response to the country’s more aggressive enforcement against endemic corruption in commercial businesses. This is partly in response to the allegations and investigations brought forward by Operation Car Wash and the attendant Odebrecht anti-corruption enforcement action. Jorge Abrahão, president of Brazil’s Ethos Institute, a corporate social responsibility organization said “We are witnessing a big change in Brazil—there is an understanding in society now that whoever doesn’t take the issues of corruption and transparency seriously will not have a place in the market in the future. For More Information on these topics see my blog posts:  A South American Response to Corruption Companies now doing compliance in BrazilCarlos Ayres can be reached via email at carlos.ayres@maedaayres.com. Learn more about your ad choices. Visit megaphone.fm/adchoices In this inaugural episode of the FCPA Compliance Report-International Edition, I have Carlos Ayres, a partner in Madea, Ayres and Sarubbi in Sao Paulo. We discuss an  interesting development from the Odebrecht corruption scandal, federal prosecutors in Brazil and ten other countries recently announced they had agreed to cooperate in ongoing investigations surrounding the company. The Odebrecht case involved bribery and corruption allegations reaching multiple countries throughout the Americas. Now  reports indicate that officials from Brazil, Argentina, Chile, Colombia, the Dominican Republic, Panama, Mexico, Peru and even the notoriously corrupt Venezuela, along with the European nation of Portugal, have agreed to “start a combined task force with bilateral and multilateral investigative teams to coordinate a probe” of the company. We also discuss recent reports which indicate show companies in Brazil are taking this approach in response to the country’s more aggressive enforcement against endemic corruption in commercial businesses. This is partly in response to the allegations and investigations brought forward by Operation Car Wash and the attendant Odebrecht anti-corruption enforcement action. Jorge Abrahão, president of Brazil’s Ethos Institute, a corporate social responsibility organization said “We are witnessing a big change in Brazil—there is an understanding in society now that whoever doesn’t take the issues of corruption and transparency seriously will not have a place in the market in the future.

For More Information on these topics see my blog posts:

 A South American Response to Corruption Companies now doing compliance in BrazilCarlos Ayres can be reached via email at carlos.ayres@maedaayres.com.

Learn more about your ad choices. Visit megaphone.fm/adchoices

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