No part of the world has seen as large a surge in anti-corruption efforts as Latin America has undertaken in the 2010s. One country after another has either reformed old laws or enacted new ones, all with the goal of cracking down on companies bribing government officials to win business.

At the highest level, corporate compliance professionals should welcome this shift: efforts to root out corruption are always a good thing. On a practical level, however, compliance officers also need to think through the implications of doing business in a Latin America that takes anti-corruption more seriously.

For example, businesses based in Latin America may be ramping up compliance functions for the first time; that alone can be a challenge. Even global businesses based outside Latin America, that might already have strong ethics and compliance programs, will face new considerations about business partnerships, third party due diligence, and disclosure of anti-bribery violations when that misconduct is discovered.

Download our whitepaper, “Anti-Corruption in Latin America: The New Landscape” to learn more.