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Argentina introduces corporate criminal liability laws

Mr. Francos was quoted in the article saying, “If someone received a bribe, then someone had to have paid the bribe,” he said.  “Companies should be well prepared [to be investigated].”  He continued to say, many Argentinian companies that are contracted by the state do not have established policies in terms of compliance and integrity, and will likely rush to put together new compliance programmes. Francos said “this shock could be good” to improve standards quickly.  “This [scenario] creates a problem for companies, but also an opportunity that will bring change to Argentina’s business culture,” he said.

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