On March 1, 2018, Argentina’s new anti-corruption law - Law 27.401, enacted in December 2017 - will go into force. This is the country's first law to establish criminal liability for companies that engage in corrupt acts and it also requires anti-corruption compliance programs in Argentina for the first time.
RK&O partner Jeffrey Lehtman recommends that multinational companies with operations in Argentina resist the urge to simply push out the company’s global compliance policies and procedures without doing more. “They really do need to take a more bespoke, specialized look at Argentina now and think about whether the program they’ve implemented there is sufficient to comply with what are new local requirements,” he says.
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RK&O Client Alert: "The Argentine Compliance Revolution" (November 2017)