Susana Sierra CEO of BH Compliance. Courtesy photo Multinationals' Five Most Common Pitfalls in Preventing Corporate Corruption
In my 12 years of monitoring compliance programs for companies with operations in Latin America, I have seen multinationals struggle to implement their compliance programs.
March 09, 2022 at 09:00 AM
6 minute read
Latin America
As it does every year, Transparency International released the Corruption Perceptions Index (CPI), which revealed that the fight against corruption is stagnant worldwide, with little or no progress in the last 10 years. This grim scenario was exacerbated by the pandemic, which led to relaxing controls and increase procurement via direct deals. Countries such as Venezuela, Nicaragua, Honduras and Haiti are among the Latin American countries with the worst ranking for corruption perception issues.
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