The recent enactment of a sweeping overhaul to Mexico’s anti-corruption regime serves as a stern warning to all companies with operations in the country that it’s time to revisit your anti-corruption compliance program.
Mexican President Enrique Peña Nieto late last month approved a series of secondary laws that effectively put into practice Mexico’s landmark National Anti-Corruption System (NAS), passed in May 2015. NAS is designed to coordinate the efforts of Mexico’s federal, state, and municipal government agencies in rooting out corruption among governments, companies, and individuals.
Mexico’s anti-corruption developments won the praise of the Organization for Economic Cooperation and Development. According to the OECD, passage of these laws “substantially transforms the anti-corruption architecture of Mexico by putting in place measures that the OECD considers effective.