With an increase in cross-border cooperation among Latin American enforcement authorities and a rising U.S. emphasis on coordination, companies with a global footprint face a myriad of complex risks in Latin America, including potentially large penalties in some countries that have succeeded in approving tougher anti-corruption legislation. In a guest article, Ropes & Gray partner María González Calvet, and associates Patrick J. Reinikainen and Kent Ford, explain how Latin American governments are focusing on transparency and accountability, and are using data to fight bribery and corruption. See “Recent Court Decision Underscores Importance of Not Unreasonably Blacklisting Third Parties in Brazil” (Dec. 12, 2018).