Compliance programmes rise in Brazil, but quality is poor, hear delegates

There has been a substantial increase in the number of companies implementing compliance programmes over the past 12 months in Brazil, but many fail to meet regulatory standards, heard delegates at the Latin Lawyer - GIR 5th Annual Anti-Corruption & Investigations Conference, held in São Paulo yesterday.

Compliance programmes rise in Brazil, but quality is poor, hear delegates
Fernando Ribeiro, Karina Carvalho and Káthia Autuori , Marcos Vieira

The passage of Brazilian anti-corruption legislation in 2013 and the success of probes, such as Operation Car Wash, has prompted many Brazilian companies to implement compliance programmes, often for the first time. Prosecutors at Brazil’s Comptroller General office (CGU), which assesses compliance programmes submitted voluntarily by companies, has noticed the increase. “We can see the will to change the corporate culture and that's very good,” said Pedro Ruske Freitas, deputy general coordinator for integrity at CGU. “Some are genuinely trying and the number of companies making the effort has really increased this year and at the end of last.”

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