In June of 2021, the Biden Administration announced that combating corruption in Latin America was an economic and national security priority, pledging to coordinate resources to fight corruption, curb illicit finance, and build international partnerships in the anti-corruption fight while improving foreign assistance. Numerous recent enforcement actions involving activity across the continent have demonstrated the Biden Administration’s resolve on anti-corruption efforts in the region.
FRA partner Drew Costello and partners from Womble Bond Dickinson – Luke Cass and Will Curtis – discuss one recent example in this article for Latinvex. A July 19, 2022, Miami indictment charged three defendants with alleged corruption offenses, including conspiracy to violate the Foreign Corrupt Practices Act (FCPA), and substantive violations of the FCPA related to a scheme to bribe Ecuadorian insurance officials, which involved activities in countries across Latin America, the UK and US.
Read the full article to learn more about the complex matter and how the prosecution shows the far reach of the FCPA jurisdiction. Companies operating in the region should continue to remain vigilant in their monitoring and compliance policies.
