Suddenly anti-corruption enforcement seems to be a serious effort in Brazil—to the point that businesses working there might want to pay more heed to enforcement risks from Brazilian regulators themselves, plus the usual scrutiny from U.S. regulators policing against corruption in emerging markets.
The most high-profile example is the massive corruption probe surrounding state-owned oil company Petrobras, under investigation for awarding inflated contracts to construction and engineering companies, which then funneled kickbacks to Petrobras executives and politicians.
