Odebrecht announced it has reached the end of its compliance monitorship, four years after pleading guilty and resolving charges with authorities in the United States, Brazil, and Switzerland for violations of the Foreign Corrupt Practices Act (FCPA).
Charles Duross, a partner at law firm Morrison & Foerster, has been overseeing compliance at the Brazil-based construction and engineering company since February 2017. In concluding the monitorship, Duross certified that “Odebrecht’s compliance system, including its policies and procedures, is designed and implemented to prevent and detect potential violations of anti-corruption laws,” the company said in a Nov. 18 press release.
