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A decade after Brazil’s seismic Operation Lava Jato (Operation Car Wash) probe launched in 2014, offering the promise of stepped-up enforcement while revealing new depths of graft, corruption continues to present major challenges for businesses operating in Latin America. Despite legislative and enforcement efforts to criminalize corrupt practices, misconduct by public officials and private citizens persists.
Corruption in Latin America remains widespread despite government efforts to curtail it, but businesses operating in the region are rising to the challenge. Data from a recent survey reveals that corporations are increasingly responding to elevated corruption risks and low levels of trust in state institutions by adopting sophisticated compliance strategies that mitigate risks and protect legitimate business operations.
For more details, read the full article on Law.com.
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