Colombia has a corporate compliance and transparency environment that can catch some multinational companies unawares. A strong compliance program is legally required, and those requirements can be strict, particularly with regard to gift-giving. There are new lobbying and whistleblower regulations on the horizon as well. The first article of this two-part series on Colombia’s enforcement environment reviewed recent changes to the anti-corruption laws and analyzed a 2024 decree on self-disclosure incentives. This second part examines important aspects of doing business in Colombia, such as the rules on compliance program structure, gifts and facilitation payments, as well as a whistleblower protection law in the works. See “Latin American Corruption in the Crosshairs of the Biden Administration” (Apr. 14, 2021).