On 27th February, Jones Day reported that in reaction to fallout from the recent Odebrecht scandal, and aided by shifting political winds, Peru and Argentina have enacted significant corporate anti-corruption legislation. Both countries have implemented laws establishing a corporate anti-corruption regime, expanding the existing framework of individual criminal liability to criminal liability for the corporations themselves.  The white paper produced by the firm This Jones Day White Paper summarises the key provisions of the new anti-corruption statutes — covering application and jurisdiction, penalties, and corporate compliance standards — as well as certain developments and characteristics that companies with a presence in these countries should consider as they prepare for enforcement.–New-Bribe-Regimes-Put-Companies-at-Risk-02-27-2018/?RSS=true

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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