Recently, Brazil’s state energy company, Petrobras, was investigated by the Department of Justice (DOJ) and the Securities Exchange Commision (SEC) for FCPA violations related to political bribes in Brazil. According to the SEC’s Steven Peikin, Petrobras fraudulently facilitated money through… Read more >
Eike Batista, once one of Brazil’s wealthiest businessmen who was exposed in Brazil’s ongoing Federal criminal investigation named Lava Jato or Operation Car Wash, has been sentenced to 30 years in prison for paying $16.5 million worth in bribes to… Read more >
Brazil has adopted a new law that requires all companies, foundations and foreign entities that perform public construction or sell goods or services to the government to implement a full compliance program if they haven’t already. The introduction of this… Read more >
Gustavo Arribas, Intelligence Chief of Argentina, has been accused of receiving $850,000 as part of the Brazilian money laundering scheme known as Lava Jato, or the Car Wash. Federal police official, Victor Hugo Rodrigues Alves Ferreira, stated that the $850,000… Read more >
Under Resolution Nº 4,595 of August 28, 2017, the Central Bank of Brazil will be requiring financial institutions and credit unions to adopt compliance programs. The new rule also requires the boards of directors of financial institutions to send the… Read more >