Brazil enacts long-pending anti-corruption legislation

08/28/2013

Fred Stocker, vice president
After languishing in legislative limbo for more than three years, a new law has been passed in Brazil that should fill a major gap in the nation's anti-corruption law. The primary thrust of the law, which is scheduled to take effect in early 2014, is to subject Brazilian companies and foreign companies doing business there to civil and administrative sanctions for bribing Brazilian or foreign public officials. With this change, India will be the only BRIC country that has failed to take steps to outlaw bribery of foreign officials by domestic concerns as well as by other entities operating within its borders. Policy Analysis

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