Corporate Compliance Considerations Following the Publication of the Engel List

In a commentary for Corporate Compliance Insights, Miller & Chevalier’s Alejandra Montenegro Almonte, William Barry and Maria Lapetina examine the implications of the new Engle List, a report listing 55 individuals suspected of corruption and antidemocratic conduct in Guatemala, El Salvador and Honduras. “A list of this sort invites scrutiny from regulators, counterparties, shareholders and other stakeholders. It can also give rise to a number of compliance, regulatory, commercial and reputational risks for business affiliated with these individuals,” they write. “Businesses and entities with potential affiliations to these individuals would be wise to assess the risks posed by these affiliations and consider taking active steps to mitigate those risks.”

Source: 

• Corporate Compliance Insights: Corporate Compliance Considerations Following the Publication of the Engel List