For three consecutive years, corporate mergers and acquisitions transactions surpassed $3 trillion. Latin America, in particular, is a hotbed of M&A activity – the energy and resources industry alone reflected $55 billion in investments in the region between 2017 and 2018. At the same time, Latin American countries are passing more anti-corruption laws and strengthening enforcement. In a guest article, Paul Hastings attorneys Palmina M. Fava, Anthony Buscarino and Camila Rodriguez discuss why it is imperative that companies involved in M&A transactions in Latin America understand the legal and business risks of operating in the market, conduct appropriate due diligence and develop and maintain robust compliance programs tailored to the risks. See “Adapting Company Compliance Policies to Account for Recent Political Changes in Argentina and Chile” (May 2, 2018).