Corporate executives doing business in Latin America say they have lost business to competitors that pay bribes, believe anti-corruption laws in the region are ineffective and find that corruption is a significant business obstacle, according to a recent survey.
The 2016 Latin America Corruption Survey, conducted in April and May, included 637 respondents in the U.S. and 18 Latin American countries. Washington D.C.-based Miller & Chevalier Chartered and 13 Latin American partner firms conducted the survey of local and multinational corporations in a broad range of industries. Just under a third of the respondents work at a company publicly listed in the U.S.
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