Transparency International’s 2017 Corruption Perceptions Index highlights that the majority of countries are making little or no progress in ending corruption. For 2017, the index found that more than two-thirds of countries score below 50, using a scale of 0 to 100, where 0 is highly corrupt and 100 is very clean.
Amount awarded by the SEC to whistleblowers since the inception of the agency’s whistleblower program in 2011. Enforcement actions from whistleblower tips have resulted in more than $1 billion in financial remedies.
Walmart’s legal fees and other costs associated with DOJ and SEC investigations of alleged FCPA violations, including revamping its global compliance program. (2012 to date)
1. Single Compliance Program: A “one size fits all” compliance program does not often work. Must take into account risk/cultural aspects of every country and have a proportionate global program. Must be able to demonstrate compliance program works effectively and has been tested: Prevent-Detect-Respond. Materiality does not matter, issue is whether your internal control system works effectively […]
Overview of the mining industry in Peru: What is the significance of the mining industry as a component of the national economy? Peru is a multi-metallic country that has one of the world’s largest mining reserves. It is the third-largest global producer of copper, silver, zinc and tin; and within Latin America, is the largest […]
Peru is a large producer of water due to its geographical configuration and extensive coast, including the Andes mountain chain, which with its high altitude and abrupt geomorphology has contributed to water distribution. This combination in addition to climatic factors has generated a large number of microclimates and ecosystems in the country. Today, even the […]
Para entender mejor el estado actual del área de cumplimiento en los cuatro mercados más importantes de América Latina, LEC ha consultado a reconocidos profesionales, quienes son expertos en este tema en sus respectivos países. Entre ellos, Sandra Orihuela, socia del estudio boutique Orihuela Abogados, con oficinas en Lima, Perú y Miami (EE.UU.) quien comparte […]
Orihuela Abogados | Attorneys at Law was founded in July 2007, as a boutique law firm primarily dedicated to advising international clients doing business in Peru and in Latin America. Over the years our firm gained important expertise on complex M&A transactions involving mining, pharmaceutical and general corporate matters. Due to the increasing international enforcement of anti-corruption […]
As I settle back at my desk in Peru, I reflect on my experience last week at the IACA’s Corporate Integrity Training program. Ten years ago I wouldn’t have imagined sharing a room with people from 25 different countries to discuss anti-corruption compliance. Our topic has gone global like never before. My concerns as a compliance […]