How Brazil's Corruption Crackdown Affects Health Care
Law360, New York (May 17, 2017, 1:21 PM EDT) -- A recently disclosed bribery scandal related to Brazil’s medical device industry, along with increasingly aggressive anti-corruption enforcement throughout the region, highlight the need for companies operating in Latin America to take steps to calibrate their compliance programs to this enhanced enforcement and regulatory environment.
On April 11, 2017, the federal police in Brazil arrested the former health secretary of the Rio de Janeiro state, Sérgio Côrtes, on charges of bribery and money laundering as part of the wide-ranging operation code named “Fatura Exposta” (“Exposed Invoice”).
Authorities allege that Côrtes and others demanded bribes from companies seeking to sell medical equipment, such...
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