Argentina: Argentina looks to battle corporate and public corruption with new laws

Author(s): Maximiliano Rizzi | Date: October 23, 2016 | Language: English
Source: http://www.channelnewsasia.com/ | URL: https://goo.gl/2LR3T0 | Type: Text

The Argentine government sent to Congress this week a series of proposed laws that would heavily sanction businesses found guilty of corruption involving the public sector, according to a document seen by Reuters on Saturday.
Currently, Argentine law punishes individuals involved in such corruption cases, but not companies. Under the proposed laws, companies could be fined heavily or suspended temporarily from doing business, among other measures.
The proposed laws allow for decreased punishments for companies that collaborate in ongoing investigations or adopt internal policies that make future corruption unlikely.

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