Corporate Liability Bill 27.041

Draft Bill establishes penalties for legal entities who have participated in any offense against the public administration and/or transnational corruption, adapting to International standards established by the OECD Anti-Slavery Convention. (checked 08/11/2017)

Issuer name

Ministry of Justice and Human Rights & Anti-corruption Office

More information

Bill intends to prevent cases of corruption and accelerate the existing investigations on corruption offenses, in order to improve effectiveness of punishment to those responsible for such offenses. If the Draft Bill becomes into Law, the decisions within the company would consider the implementation of the adequate measures to prevent, detect and alert the authorities of any criminal offenses, such as the codes of ethics, periodic trainings, hot-lines available, and any other procedure that would allow the company to obtain information related to third parties' and/or regular and/or occasional business partners.

Organizations covered by the instrument

All Companies

Industry scope

All/none specified

Status

Current

Country

Argentina

Region

South America

Date of publication

2016

Issuer type

Governments (governmental department, agency)

Reporting requirements

Public law and regulation

Mandatory or voluntary

Mandatory

The geographical scope

National/federal

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