Brazilian Attorneys Discuss How High-Profile Corruption Investigations Are Changing Compliance in South America

Brazil has taken the lead in anti-corruption enforcement in South America, but the risks in the region remain high. During a recent program hosted by the Society of Corporate Compliance and Ethics, panelists Shin Jae Kim and Renata Muzzi Gomes de Almeida, partners at TozziniFreire Advogados, and Fernanda Beraldi, an ethics and compliance director and corporate counsel at Fortune 500 manufacturing company Cummins, Inc., examined the current corruption climate in South America, the continuing impact of the Petrobras corruption scandal, the use of cooperation and leniency agreements in Brazil and the Brazilian government’s guidance on effective compliance programs. Beraldi also discussed how Cummins has designed its compliance program to mitigate South American corruption risks. For more from Kim and Muzzi, see “Addressing Five Major Compliance Issues Posed by Brazil’s 2016 Olympic Games” (Jun. 15, 2016).

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