Mexico strengthens anti corruption regulatory framework
27 Jul, 2012
The Federal Procurement Anti-Corruption Law (Ley Federal Anticorrupción en Contrataciones Públicas, or ACPL), has been passed by Mexico’s Congress.
This follows an ongoing call for Mexico’s legal system to clamp down on both domestic and foreign corruption, and the revelation by a Mexican Federation of Industrial Chambers of Commerce study, that seven to nine percent of the country’s GDP is accumulated from corrupt payments.
The new legislation which took effect on June 12th, among other things, will clearly outline the legal requirement for public officials to report cases of corrupt activity. It also brings actions or omissions that are deemed corrupt seemingly more in line with US standards.