A report by Baker & McKenzie, a corporate compliance practice, reveals that some of the leading risks impacting companies doing business in Latin America spans from conducting business with the government to internal investigations and third-party screening and monitoring. The impact of these risks are expected to intensify in the coming years as new anti-corruption laws in Latin America start taking shape by ushering a new era of accountability.
Internal investigations remain a big issue. According to the report titled “Spotlight on Latin America:Seven Compliance Challenges and How To Overcome Them,” when corruption comes to light, companies should not assume that firing employees involved will resolve the problem.
