Brazil Revises Foreign Bribery Bill

Brazil is making its foreign bribery bill easier to understand, which should help companies doing business in the country build and refine their compliance strategies. From anti-corruption lawyer Matteson Ellis:

“The amendments clarify and boost the voluntary disclosure program, which should be a welcomed change for companies. In the earlier version, companies that self reported were granted some benefit, but the bill did not make clear how much or under what conditions. The revised rules clarify the mechanism. They create a specific, pre-determined, range of credit that is available. By self-reporting, the company can reduce fines up to 66%.”

Read the full update, Brazil Revises Foreign Bribery Bill, Matteson Ellis»

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