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Cooperation agreement between Brazil and Chile

In April 2019, Brazil’s Office of the Comptroller General (CGU) and Chile’s Ministry General Secretariat of the Presidency (SEGPRES) executed a cooperation agreement that aims to tackle corruption. The main goal of the cooperation agreement is to establish mechanisms for mutual assistance and collaboration aimed at the implementation of measures to prevent, detect and punish misappropriation of public resources and acts harmful to the State.

Among other mechanisms, the agreement includes the exchange of information related to assets, financial operations, registry and identification of individuals, among other data, in order to detect alleged illicit acts and support administrative investigations into alleged corruption acts and assets recovery.

Companies that operate in Brazil and Chile must be aware that enforcement and cooperation actions between Brazilian and Chilean anti-corruption authorities will likely increase due to the cooperation agreement.

Joint Declaration between Brazil and Switzerland

On 8 April 2019, the Brazilian Federal Prosecutor General, Raquel Dodge, and the Attorney General of Switzerland, Michael Lauber, signed a joint declaration with the aim of strengthening cooperation between the two countries in combating global forms of crime. The main goal is to expand the exchange of information during criminal investigations, especially those related to international corruption and money laundering, recurrent within the Operation Lava Jato. According to the Federal Prosecutor’s office, the Brazilian Federal Prosecutor’s Office submitted 105 requests for cooperation to the Swiss between 2014 and March 2019, while the Europeans sent 109 requirements to the Brazilian authorities.

Companies must be aware of the increasing cooperation between the anti-corruption authorities of several countries and their law enforcement agencies, which may impact its activities and operations worldwide.

Author

Heloisa Uelze is a partner at Trench Rossi Watanabe (in cooperation with Baker McKenzie) in São Paulo, Brazil.

Author

Alessandro da Cruz is a senior associate at the Compliance & Investigations practice group of Trench Rossi Watanabe (in cooperation with Baker McKenzie) in São Paulo, Brazil. In the anticorruption compliance field, his practice includes assistance in matters involving the Brazilian anticorruption framework, FCPA and other anticorruption legislation, internal investigations (including multijurisdictional cases), development, revision and implementation of compliance programs, training of employees, risk assessments and due diligence in the context of M&A transactions.

Author

Fernanda Casagrande is a senior associate at Trench Rossi Watanabe (in cooperation with Baker McKenzie) in São Paulo, Brazil.

Author

Marcelo Leite is an associate at Trench Rossi Watanabe (in cooperation with Baker McKenzie) in São Paulo, Brazil.