The standardising role of multilateral anti-corruption agreementsThe array of domestic anti-corruption laws also varies widely between Latin American countries. Until recently, the United States – through the FCPA – dominated the international anti-corruption enforcement landscape. Argentina Y Y Y Mitigating circumstance Bolivia N Y Y N/A Brazil Y N Y Mitigating circumstance Chile Y Y Y Affirmative defence Colombia Y N Y Affirmative defence Costa Rica Y Y Y Mitigating circumstance Dominican Republic N Y Y N/A Ecuador N N N N/A El Salvador N Y Y N/A Guatemala N Y Y Affirmative defence Honduras N Y Y N/A Mexico Y Y Y Mitigating circumstance Nicaragua N N N* N/A Panama N Y Y N/A Paraguay N N N N/A Peru Y Y Y Affirmative defence Uruguay N N N N/A Venezuela N Y Y N/A * A bribe payment to a foreign government official is a violation of the Criminal Code, which only punishes the conduct of individuals. For example, although heavily redacted documents may not be viewed favourably by enforcement authorities, data privacy laws generally do not contain exceptions for productions made to foreign enforcement authorities. In some circumstances, companies might consider delivering unredacted documents to domestic enforcement authorities for transfer to foreign enforcement authorities through the mutual legal assistance process.

Source: Wall Street Journal January 05, 2024 10:55 UTC