From self-reporting to legal privilege, Marieke Breijer looks at the perils and pitfalls of internal investigations in Mexico.
Mexico’s parliament has voted in favour of allowing the country’s finance ministry to blacklist individuals suspected of money laundering and other financial crimes.
In today’s news round-up, a Mexican government agency sues a US medical device company for bribery and Laura Terrell leaves FTI Consulting.
The anonymous claimant has sued the SEC to expedite its decision over a potential multimillion-dollar bounty.
In response to a whistleblower who sued the SEC to expedite its decision over what could be a multi-million dollar bounty, the regulator has argued that reviewing the claim is an exhaustive task.
Walmart has settled an eight-year foreign bribery probe regarding conduct in Mexico, Brazil, China and India. The DOJ said the retailer did not voluntarily disclose the misconduct.
Operation Car Wash has forced authorities across Latin American jurisdictions to establish and develop cooperative relationships, and those bonds are generating new cases as well as new problems.
“The good news for those of us who make a living doing internal investigations is that investigations are alive and well,” a former DOJ prosecutor said at the first-ever Latin Lawyer - GIR Live Anti-Corruption & Investigations conference in Mexico on 6 June.
The chief legal adviser to the Mexican president has said the country will prosecute historical cases and enforce anti-corruption laws after years of inaction.
The SEC has announced a $4.5 million whistleblower award to a Brazilian doctor who alerted medical device maker Zimmer Biomet to bribery. But a 2018 Supreme Court ruling has undermined the significance of the award.
A federal judge has approved a $160 million settlement between Walmart and disgruntled investors. Plaintiff lawyers will take a 30% cut of the deal.