Gabriela Emilia Souza Gomes and Marco Antônio Junqueira de Arantes author an article in Migalhas on a topic that has gained new dimension in the global regulatory landscape: the impacts of the designation of the PCC and Comando Vermelho as Foreign Terrorist Organizations (FTO) by the United States and what this means for corporate compliance in Brazil.
With the perspective of those who work daily in regulatory compliance and the structuring of international operations, the authors analyze how the American offensive raises the bar for Brazilian companies that maintain or seek to build commercial relationships with international partners and why effective compliance programs have moved beyond mere regulatory obligation to become a genuine competitive differentiator.
The article also addresses the expanded due diligence procedures required in this new scenario, with emphasis on the identification of the beneficial owner (UBO), the monitoring of suppliers and commercial partners, and the need for controls capable of identifying indirect links to organizations classified as FTOs.
Essential reading for companies, lawyers and professionals operating in the Brazilian business environment who need to understand what is changing and what is at stake in this new chapter of corporate compliance in Brazil.
Read the full article by clicking here.
