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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Kyle Brasseur2023-10-23T17:48:00
Brazil has made strides in its anti-bribery enforcement efforts, but a working group at the Organization for Economic Cooperation and Development (OECD) is concerned the country doesn’t have the controls in place to sustain its progress.
The OECD working group released a report this month reviewing Brazil’s anti-bribery efforts and what challenges and positive achievements the country has seen. The OECD has been working with Brazilian officials for nearly a decade since its last review, when the country agreed to refine its legal and institutional framework for imposing corporate liability, among other changes.
Those corporate liability actions have seen Brazil use leniency agreements as part of resolutions, like it did with mixed results in the Odebrecht case, and increase cooperation with other international agencies. Brazilian authorities have played a part in recent resolutions with Glencore, Honeywell, and Gol regarding violations of the U.S. Foreign Corrupt Practices Act.
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News and analysis for the well-informed compliance or audit exec. Select an option and click continue.
Annual Membership $499 Value offer
Full price one year membership with auto-renewal.
Membership $599
One-year only, no auto-renewal.
2024-08-30T13:53:00Z By Adrianne Appel
The Department of Justice declined to prosecute Boston Consulting Group for allegedly bribing Angolan officials in violation of the Foreign Corrupt Practices Act, citing the firm’s prompt self-disclosure and timely remediation.
2023-10-12T16:00:00Z By Kyle Brasseur
All the carrots being offered by the Department of Justice in the past year—greater penalty reduction thresholds, relief related to compensation clawbacks, voluntary self-disclosure incentives—are part of a strategy to strengthen the enforcement stick when companies don’t cooperate.
2023-09-20T14:07:00Z By Adrianne Appel
A recent survey conducted by Compliance Week and Morgan Lewis determined areas of insufficient resource support to combat bribery and corruption, along with trends in third-party due diligence.
2024-06-03T18:48:00Z By Aaron Nicodemus
Swedish telecommunications giant Ericsson announced the conclusion of the independent compliance monitorship imposed on the company following its 2019 settlement for violations of the Foreign Corrupt Practices Act.
2024-04-04T00:41:00Z By Aaron Nicodemus
Former Albemarle CCO Andrew McBride explained at Compliance Week’s 2024 National Conference how he led the company’s compliance department to remediate the issues that led to apparent FCPA violations and how the team used data analytics to assess risks and implement compliance solutions.
2024-03-29T18:46:00Z By Jeff Dale
Swedish telecommunications company Ericsson announced its independent monitor appointed by the Department of Justice certified its compliance program satisfies the requirements ordered by the U.S. agency following its 2019 Foreign Corrupt Practices Act settlement.
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