Mexico Cracks Down on Corruption in Federal Contracting

Mexico’s answer to the FCPA, la Ley Federal Anticorrupción en Contrataciones Públicas (Federal Law Against Corruption in Public Procurement) went into effect this summer. From law firm Morgan Lewis:

“The Anti-Corruption Law holds individuals and companies accountable for offering money or gifts to obtain or maintain a business advantage in the procurement of public contracts with the Mexican government. Further, the Anti-Corruption Law mirrors the extraterritorial footprint of the FCPA by prohibiting any such actions by Mexican entities or individuals with respect to foreign (non-Mexican) authorities and public officials, whether directly or indirectly. Violators are subject to heavy administrative sanctions, including the imposition of significant monetary fines and the prohibition of future participation in federal procurement contracts for up to a decade.

The law applies broadly to Mexican and non-Mexican companies and individuals engaged in federal government contracting in Mexico, including bidders, participants in tenders, request for proposal recipients, suppliers, contractors, permit holders, concessionaires and their shareholders, and agents.”

Read the update, Mexico Enacts Anti-Corruption Law for Federal Government Contracting - Morgan Lewis»