Matteson Ellis Quoted on Outlook of the FCPA in Mexico in Latinvex
"Despite New President's Anti-Corruption Pledge, Major Progress Not Expected Soon"
Matteson Ellis was quoted on the outlook of the Foreign Corrupt Practices Act (FCPA) in Mexico following the election of President Andres Manuel Lopez Obrador, who pledged to fight corruption during his campaign. Ellis and others say a lack of resources may impact his ability to quickly bring Mexico to the same level of FCPA cooperation Brazil has with the United States. "Mexico is the fifth country in the world most frequently implicated over the last 10 years in corporate FCPA enforcement actions. This is largely due to the close integration of U.S. business with business in Mexico, generating opportunity for corrupt practices," Ellis said. "At the same time, we are unlikely to see coordinated FCPA enforcement resolutions with Mexican authorities, like the ones occurring in Brazil, in the near future. This is because robust local enforcement is not anticipated to occur any time soon."