According to the Organization for Economic Co-operation and Development (OECD), despite foreign bribery schemes being on the rise in Brazil, the country has made some progress. According to the report, Brazil has implemented legislation against corporate bribery and taken enforcement actions against large-scale foreign bribery cases, including utilizing leniency agreements.
The report, however, raises a concern about Brazil's ability to effectively charge individuals, noting that only 28 of 60 foreign bribery allegations have been investigated, and that only three companies have received leniency agreements since 2014. OECD suggests Brazil should increase its efforts to prevent foreign bribery, especially in the private sector, by prosecuting more individuals. Brazilian policymakers should enhance efforts to deter foreign bribery, including bringing more individuals to justice and improving whistleblower protections.
The report also highlights challenges in enforcing anti-bribery laws, such as the lack of convictions of people in foreign bribery cases. It highlights the first criminal anti-bribery proceeding to last nearly a decade in which eight of nine defendants were found not guilty due to the country's statute of limitations. It is recommended by the OECD that Brazil amend the statute of limitations through legislative action or other means to address these issues.
5 comments:
Do you think they will be able to change these laws?
Do you worry that they may be too far gone? It's clear that there's progress but it's also clear that there are still a lot of problems. Is the corruption too woven into the fabric of society or do you think they have a good start now?
It will be tough to change something with legislation, when the legislators are the problem themselves, hopefully changes are made to stop large scale bribery as a whole.
It's interesting to note that despite the rise in foreign bribery schemes in Brazil, the OECD acknowledges some progress in the country's efforts to tackle corruption.
Do you think they will be able to take those necessary steps to decrease the foreign bribery and corruption? or do you think it has gotten to a point of no return? its clear that there has been some work put in there but how likely is it that there will truly be substantial changes?
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