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As Brazil takes the world stage for the 2014 FIFA World Cup and, shortly thereafter, for the 2016 Summer Olympics — the third to be held in a BRIC country in a decade — the governments of Brazil, Chile and other leading Latin American economies are increasingly responding to calls from their people and the international community for increased anti-corruption efforts and transparency. Though it remains to be seen to what extent new anti-corruption regulations will change the status quo in Latin America — where public corruption in many countries is common and, until now, enforcement investigations targeting complex international schemes have been limited — corporations with significant business in Latin America would be wise to prepare for a new era of increased local enforcement.

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