In reaction to fallout from the recent Odebrecht scandal, and aided by shifting political winds, Peru and Argentina have enacted significant corporate anticorruption legislation. Both countries have implemented laws establishing a corporate anticorruption regime, expanding the existing framework of individual criminal liability to criminal liability for the corporations themselves. With these actions, Peru and Argentina have demonstrated an increased commitment to combat global corruption.

This Jones Day White Paper summarizes the key provisions of the new anticorruption statutes in Peru and Argentina—covering application and jurisdiction, penalties, and corporate compliance standards—as well as certain developments and characteristics that companies with a presence in these countries should consider as they prepare for enforcement.