Companies operating in Latin America should re-examine anti-corruption best practices and be prepared to act quickly in response to a US government inquiry.

Key Points:

..In 2022, Latin America was a hotbed for US Foreign Corrupt Practices Act (FCPA) enforcement. As the region feels the ripple effects of recent significant enforcement actions, governments lean into cross-border coordination, and pandemic effects dissipate, FCPA enforcement activity in Latin America is likely to increase into 2023.

..Ongoing local investigations and regulatory enforcement in Latin America could be a precursor for or evidence of US government regulatory action. Companies should not underestimate the collateral consequences of seemingly localized actions that may also create exposure in the US.