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Matteson Ellis Comments on J&F Investimentos FCPA Settlement in Wall Street Journal

Subtitle
"J&F's Bribery Settlements Highlight Compliance Breakdowns, Remediation Efforts"

Wall Street Journal

Matteson Ellis commented on the settlement between J&F Investimentos and U.S. authorities to resolve criminal charges involving violations of the U.S. Foreign Corrupt Practices Act. Ellis stated that the settlement emphasizes the importance of corporate anticorruption programs as well as compliance training. "The natural implications of this is that, without a sufficient anticorruption program, Pilgrim's was not in a position to catch the improper conduct that occurred." He added that the settlement highlighted U.S. regulators' expectations that all employees, including senior leaders, receive compliance training, saying "[i]f the most senior leaders of the company are not included in the training, your program may have a gap."