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In a noteworthy trend picked-up by Trace International’s Global Enforcement Report, in 2014 non-U.S. enforcement actions concerning bribery of foreign officials outpaced U.S. enforcement actions for the first time.  The widely held perception has been that only the United States enforces its anticorruption laws.  The recently released report indicates enforcement by…

Effectively managing corporate compliance efforts in today’s regulatory environment–preventing corporate officers and employee from engaging in illegal practices, while also addressing a wide array of other compliance and risk management concerns–presents a major challenge to multinational companies with extended enterprises. Although enforcement guidelines around the world vary in length, tone…

The Federal Law for the Prevention and Identification of Transactions with Funds from Illegal Sources is now just over two years old. The authorities of the Financial Intelligence Unit (UIF) and the Tax Administration Service (SAT) have partnered with entities and individuals covered by the Law. The UIF hopes to…