Many companies and financial institutions are attracted to Latin America’s business opportunities, but face growing regulatory challenges and a more active enforcement environment. As a consequence, corporations have increasingly focused on internal corporate compliance programs.
Drawing on their industry-leading expertise in corporate compliance, S&C litigation partner Brendan Cullen and special counsel Anthony Lewis authored a chapter in Latin Lawyer’s recently-published Guide to Corporate Compliance. In the chapter, “Developing a Robust Compliance Programme in Latin America,” the authors address some of the key risks and challenges multinational corporations face in building compliance programs, and strategies to maintain a tailored program.
Developing a Robust Multi-National Compliance Program
In this recent podcast,
Brendan Cullen and
Tony Lewis discuss key considerations for companies in building and sustaining an effective compliance program. They provide an overview of guidance from U.S. enforcement agencies, including the Department of Justice and the U.S. Treasury Department’s Office of Foreign Assets Control; explore issues that can arise for companies with multi-national operations; and outline best practices.
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S&C in Latin America
Throughout more than a century of involvement in Latin America—dating back to the creation of the Panama Canal—S&C has played an integral role in Latin America’s economic and legal history.
Today, S&C is known for litigation successes, including representing:
- Republic of Argentina in litigation brought by investor funds in the Southern District of New York relating to GDP-linked securities. The court dismissed the first-filed of the cases in January 2020;
- Grupo México S.A.B. de C.V. in Delaware derivative litigation challenging acquisition of power plants;
- Banco Bradesco in a shareholder class action in the Southern District of New York; and
- U.S. and foreign financial institutions, as well as a Spanish individual and a U.S. corporation, in connection with FIFA corruption investigations.
See additional information on The Guide to Corporate Crisis Management, Third Edition, edited by Sergio J. Galvis, Robert J. Giuffra Jr. and Werner Federico Ahlers
Meet our Authors:
Brendan Cullen is a partner in S&C’s Litigation Group and serves as coordinator of the Firm’s Appellate Practice. He has conducted numerous confidential internal investigations, including investigations related to issues of corporate governance, securities matters and Foreign Corrupt Practices Act compliance, which have involved countries throughout Asia, Europe, the Middle East and Latin America.
Anthony Lewis is a special counsel in the Firm’s Litigation Group. His practice focuses on international investigations, cybercrime matters and regulatory enforcement proceedings. He has conducted and supervised investigations and prosecutions involving OFAC-administered sanctions, the Export Administration Regulations and the International Traffic in Arms Regulations.