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Walmart has spent more than $253 million investigating its FCPA violations in Mexico. Here a Superama outlet. (Photo: Walmart)
As more US companies enter Latin America there will also be more corruption and violations of the US FCPA, experts warn. (Photo: US State Department)
Wednesday, August 28, 2013
Special Reports

Latin America: FCPA Cases Grow

FCPA enforcement actions relating to Latin America are growing and violations are expected to continue rising, experts say.

BY JOACHIM BAMRUD

The US Department of Justice does not release updated details of violations of the US Foreign Corrupt Practices Act (FCPA), but experts say there has been an increase in enforcement actions in Latin America this year compared with last year.

“There has been an increase in FCPA enforcement actions against individuals for conduct in Latin America for the first seven months of 2013 as compared to all of 2012,” says Matteson Ellis, Special Counsel at Miller & Chevalier and Founder/Principal at Matteson Ellis Law and Jacqueline Ferrand, a Senior Associate at Miller & Chevalier.

Last year, there were ...

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Keywords: Alcatel, Alstom, Argentina, Brazil, Embraer, FTI Consulting, Matteson Ellis Law, Mexico, Miller & Chevalier, Morgan Lewis & Bockius, Siemens, Venezuela, Walmart, White & Case

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