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James Tillen Comments on Latin America Corruption Survey Results in The Wall Street Journal's Risk & Compliance Journal

Subtitle
"Corruption in Latin America Casts Shadow Over Rio Olympics"

The Wall Street Journal's Risk and Compliance Journal

James Tillen commented on the public's views toward corruption in Latin America based on results of Miller & Chevalier's newly released 2016 Latin America Corruption Survey. Survey respondents indicated that corruption continues in Latin American, and added Brazil to the list of most corrupt countries, a change from the same survey issued in 2012. Although most respondents indicated that their own country's anti-corruption laws are ineffective, they pointed to improvements in corporate compliance measures. “While many of the responses in this year’s survey suggest enduring risks and ossified attitudes in Latin America, we also see signs of region-wide improvement in some areas,” Tillen said. Survey respondents said many corporations in the area are adopting compliance mechanisms, increasing their familiarity with U.S. bribery laws and implementing measures to counteract third-party bribery risks.

This article was also published in The Wall Street Journal's Survey Roundup and The Wall Street Journal's Morning Risk Report.