Foreign bribery: a brief report on Latin American countries

Fight against corruption is a major global issue, and that includes transborder corruption. To tackle that problem, several countries from Latin America are engaged in implementing mechanisms, statutory and institutional, based on International Conventions and its recommendations. This has led to the implementation of legal basis and development of expertise and ability to sanction corporations and individuals involved in transborder bribery. On the last three years a lot of developments towards more effective legal systems were implemented by countries. However, analyzing the countries that seem to be more engaged, Argentina, Brazil, Chile, Colombia, Costa Rica, Mexico and Peru, it is possible to identify several pending issues they are still facing on bringing liability for bribery.