A Timeline Approach to Brazil’s Anti-bribery Law 2013

Summary:

Brazil's growing unrest in the early 2010s led to a demand for stronger anti-corruption measures. In 2013, the country introduced the Clean Company Act, a groundbreaking anti-bribery law that imposes liabilities on corporations, levies substantial penalties, and offers leniency to collaborating organizations. The law faced its first major test with Operation Car Wash in 2014, which led to the legal scrutiny of major corporations, including Odebrecht. The outcomes of the case reinforced the importance of the Anti-bribery Law, prompting companies to re-evaluate their internal policies and practices. Brazil's decisive actions have become a global example, highlighting the power of robust legislation, and have redefined corporate governance, ushering in a new era of transparency.