Fcpa Compliance Report

In this inaugural episode of the FCPA Compliance Report-International Edition, I have Carlos Ayres, a partner in Madea, Ayres and Sarubbi in Sao Paulo. We discuss an  interesting development from the Odebrecht corruption scandal, federal prosecutors in Brazil and ten other countries recently announced they had agreed to cooperate in ongoing investigations surrounding the company. The Odebrecht case involved bribery and corruption allegations reaching multiple countries throughout the Americas. Now reports indicate that officials from Brazil, Argentina, Chile, Colombia, the Dominican Republic, Panama, Mexico, Peru and even the notoriously corrupt Venezuela, along with the European nation of Portugal, have agreed to “start a combined task force with bilateral and multilateral investigative teams to coordinate a probe” of the company. We also discuss recent reports which indicate show companies in Brazil are taking this approach in response to the country’s more aggressive enforcement against endemic corruption