Latin America FCPA: Brazil Dominates

The Petrobras scandal has spillover effects into the United States.

BY JOACHIM BAMRUD

Brazil leads the way in Latin America in active investigations related to the US Foreign Corrupt Practices Act (FCPA), according to data from law firm Miller & Chevalier. Brazil accounts for 25 of the 35 active Latin American cases, the firm says. 

“Brazil's Petrobras investigation, known as Lava Jato, has changed the enforcement landscape,” says Matteson Ellis, a Washington, DC-based member of Miller & Chevalier.“Both the DOJ and the SEC have opened investigations into Petrobras's activities, and the ongoing work of Brazilian prosecutors in the case will continue to have spillover effects in the United States.”

However, the Petrobras case – the largest corruption scandal ever in Latin America – isn’t the only one being looked at by US FCPA investigators.

Cases related to Venezuelan ...

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Keywords; Argentina, Brazil, Brown Rudnick, Colombia, Guatemala, Honduras, Mexico, Miller & Chevalier, Nicaragua, Odebrecht, Panama, Peru, Petrobras

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