Brazilian Anti-Corruption Law Holds Corporations Accountable
The right risk-compliance protocols and insurance can help organizations to mitigate the risks associated with Brazil's new law.
Unlike other corruption regulations, the fines under Brazil’s anti-corruption law are not capped by the amount of the offense.
Multinational companies operating in Brazil should review their risk management programs to ensure they meet the tough new anti-corruption standards set by the nation’s Clean Company Act, which went into effect earlier this year.
Crafted to comply with the Organization for Economic Co-operation and Development’s anti-corruption protocol, the Act holds companies doing business in Brazil liable, for the first time, for an employee’s corrupt actions. Furthermore, liability can be applied without proving corrupt intent. Simply promising a bribe is enough to constitute wrongdoing.
In Brazilian Anti-Corruption Law Holds Corporations Accountable, we cover several steps organizations can take to mitigate the risks associated with the new law, including:
- How having the right risk compliance protocols in place can provide a reprieve from fines.
- Insurance solutions, coverage, and policy definitions to consider.
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