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The case against the world’s biggest meat processor highlights the expanding jurisdictional reach of U.S. authorities and their pursuit of cases with ties to Latin America’s biggest economy.
October 19, 2020 at 07:06 PM
1 minute read
The Department of Justice’s corruption case against Brazilian meatpacker JBS, which was resolved last week when executives pleaded guilty to foreign bribery charges and agreed to pay over $128 million in criminal fines, highlights the expanding jurisdictional reach of U.S. authorities and their pursuit of cases with ties to Latin America’s biggest economy.
Brazilian companies have accounted for a significant number of recent cases alleging violations of the U.S. Foreign Corrupt Practices Act. According to a tally by Willkie Farr & Gallagher and Brazilian law firm Lefosse Advogados, one in five U.S. corporate enforcement actions in 2019 involved acts of bribery that had repercussions in Brazil, while in 2018 at least 13 of 54 companies disclosed investigations into possible FCPA-related misconduct there.
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