As a tsunami of corruption scandals devastates Latin America’s political landscape, it can be easy to dismiss the slow and uncertain steps many countries are taking in the fight against corruption as political jujitsu, enough to appease but not to change. We do not, and we remain optimistic as Mexico, Peru, Colombia, Argentina and – of course – Brazil enact stronger anticorruption legislation. We believe we are seeing the water recede, changing the way many in these countries are doing business. Mexico’s anticorruption legislation goes further than most. It applies to public officials and everyone – individuals and companies – doing business with the government and requires companies to implement internal changes and controls.
In the first of a three-part series, we recently discussed Mexico’s anticorruption legislation and its impact in a post on our Latin America Legal blog.