Firms To Watch: Compliance

Head of the dispute resolution group at CMS Carey & Allende, Rodrigo Campero also leads the firm’s compliance practice, which exhibits solid capabilities -particulary as regards preventative matters- and a strong track record regarding the preparation and implementation of compliance programs in accordance with corporate criminal liability law 20.393.
The November 2023 hire of Andrés Marin as a partner puts Dentons firmly on the map for compliance matters; Marin has a substantial track record handling matters related to competition, anti-money laundering (AML), antibribery and anticorruption in various industries, most recently serving as the compliance officer at beverage giant CCU for almost ten years.

Compliance in Chile

BCP Abogados

Comprising three partners and eight associates, BCP Abogados' compliance practice covers both the assessment of the risks confronting companies and the design and implementation of compliance programmes; and with approximately 40% of the firm’s activity focused on work in this sector, the compliance unit further specialises in criminal compliance issues, anti-corruption, and the prevention of money laundering and terrorist financing. ‘Extraordinarily dedicated to clients', it is also sought out for highly complex litigation, such as defence-side economic and tax crimes, crimes by officials, contentious administrative cases, and civil disputes. The enviable compliance experience of founding partner and criminal litigation expert Matias Balmaceda includes the establishment of crime prevention models for scores of companies. At senior associate level, compliance practice director Iván Millán acts in a range of high-stakes criminal law cases, while Antonia Bernales also regularly litigates substantial criminal matters.

Practice head(s):

Matías Balmaceda; Iván Millan; Antonia Bernales


A firm that comprises professionals with extensive experience and knowledge in this field.

Extraordinarily dedicated to clients and shows great responsibility in the management of the assignments entrusted to it. There is a real concern on its part that clients implement compliance policies.

Vast experience and knowledge.


The five-member compliance and anti-corruption team at full-service market stalwart Carey is consistently mandated by both international and domestic clients on complex compliance issues. The team’s expertise encompasses the negotiation and drafting of specialised contractual provisions (covenants, representations, warranties and compliance termination clauses), as well as the design and conduct of compliance due diligence processes for M&A deals and joint ventures. Alongside the firm’s white-collar crime practice, the department assists clients facing criminal enforcement actions; and its track record includes successfully defending legal entities and individuals in high-profile cases involving alleged bribery, money laundering and influence trafficking. Leading the compliance group, Guillermo Acuña (who is also corporate and M&A co-head), is an expert in anti-corruption compliance programmes, multi-jurisdictional exposure to bribery allegations, and internal investigations. Flanking Acuña is associate Pablo Albertz, whose practice comprises corporate-crime risk management, money laundering prevention, and white-collar crime litigation; and senior counsel and criminal law expert Rodrigo Aldoney, whose workload extends to compliance matters and who arrived from BCP Abogados in February 2022.

Practice head(s):

Guillermo Acuña

Key clients

SUSI Partners

Enel Chile


Synlab International


NH Foods

Safra National Bank of New York (Rep Office in Chile)


Hewlett Packard Financial Services

MAE Holding Chile


Work highlights

  • Advised SUSI Partners on the design and implementation of a compliance programme/ crime prevention model in accordance with the Corporate Criminal Liability Act.
  • Assisted Enel Chile with updating its crime prevention model in accordance with cybercrime legislation.
  • Assisted Synlab International with conducting compliance due diligence for the acquisition of a group of companies.

Albagli Zaliasnik

Albagli Zaliasnik's five-member practice leverages criminal, corporate, and regulatory compliance expertise for the identification and management of legal risks. The ‘very good' group assists with the creation and implementation of crime prevention models, as well as the development of companies’ internal policies, protocols and regulations. It also advises on the establishment of prevention models for the Financial Analysis Unit, as well as SERNAC (National Consumer Service) and antitrust-related compliance plans. Other areas of strength include data protection and labour law compliance, along with internal investigations. In a significant boost to the practice, the firm established digital platform ComplianceLatam in April 2022, which facilitates collaborative interactions between leading law firms from regional jurisdictions; and comprises compliance officers, legal managers, consultants and auditors. Founding partner and corporate group director Rodrigo Albagli is highly active in compliance matters, while compliance director Francisca Franzani (a May 2022 hire from Carey) is an expert in compliance, anti-corruption and corporate criminal risks.

Practice head(s):

Rodrigo Albagli; Francisca Franzani


A very good team with deep theoretical knowledge.

Great theoretical knowledge and very professional attention – highly organised and they meet the agreed timescales.

A very personalised client service.

Great support in response to the queries made.

It is worth highlighting the timeliness of the responses and how comprehensive they are.

DLA Piper Chile

DLA Piper Chile's five-member compliance practice is consistently mandated on regulatory compliance assessments, the creation and implementation of risk matrix compliance control mechanisms, criminal liability prevention models, and the design of compliance programmes in accordance with Law 20,393. It also prepares clients for compliance certification processes and advises on corporate compliance-related internal investigations. Clients additionally benefit from the Santiago office’s access to the firm’s global platform of over 90 offices, as well as the compliance team’s sector expertise in energy, forestry, mining, retail and publishing among other areas. The ‘very committed' practice group is co-led by corporate and banking and finance expert, Mauricio Halpern, who can leverage his previous experience as an in-house counsel for compliance work; and corporate and capital markets' partner Diego Noguera, a specialist in identifying potential conflicts of interest between public agencies and private entities. In addition to dispute resolution, experienced associate Andrea de la Vega advises on regulatory compliance issues.

Practice head(s):

Mauricio Halpern; Diego Noguera


A team with great knowledge – very committed and very flexible in relation to clients’ requirements.

Great management and mastery of their specialisms.

Very good service, and very efficient and agile responses.

Key clients

IPLACEX – Instituto Profesional Latinoamericano de Comercio Exterior

ATC Sitios de Chile

Energía Llaima

Work highlights

  • Advised IPLACEX, a Chilean higher education institution, on the creation and implementation of a policy on sexual harassment, violence and gender discrimination.
  • Assisted ATC Sitios de Chile with a certification matter, which included reviewing current compliance policies and procedures.
  • Assisted Energía Llaima with the development of its crime prevention model.


FerradaNehme's broad practice houses specialists in competition, consumer, regulatory, public, environmental and privacy law compliance, with the five-strong department routinely developing robust compliance programmes for companies. During 2022, the practice was notable active advising on amendments made to Law 20.393 (which established criminal liability for legal entities) that designated four new crimes; such changes required reviews of clients’ prevention processes and the creation of controls to mitigate new risks to which clients could be exposed. The department is led by criminal litigator Rafael Collado, who regularly advises companies on the implementation of compliance models. He is supported at senior associate level by Lucía Álvarez, who assists international companies’ local subsidiaries with adapting their compliance systems to Chilean contexts. Álvarez also conducts  compliance training sessions on compliance issues; advises on internal investigations; and -thanks to her expertise in gender and sexual diversity issues- also facilitates the firm's ability to advise on the prevention of workplace and sexual harassment.

Practice head(s):

Rafael Collado


Excellent team, from partners to associates. They stand out for their strong knowledge and easy application to the reality of the specific business.

The plus is the closeness to the client.

They differ in terms of the prestige of the firm, the quality of their reports and their participation in relevant cases.

Key clients

Compañía de Aceros del Pacífico

BHP Biliton


Aguas Andinas


Novo Nordisk Farmacéutica



Vía Limpia

H2 Chile

Empresa de Servicios Sanitarios de Los Lagos


Work highlights

  • Advised Codelco on compliance matters.
  • Assisted Transunion with implementing a crime prevention model that focuses on cybercrime and fintech regulation.
  • Assisted H2 Chile with implementing a compliance system – both a criminal prevention model and an antitrust compliance programme.

Guerrero Olivos

The four-member compliance team at full-service firm Guerrero Olivos has been notable active, recently, in relation to the structuring and implementation of compliance and crime prevention manuals, along with corporate protocols. Its client base covers several industries, ranging from energy, services, automotive and financing, to food and beverage. In terms of anti-corruption, corporate criminal liability and anti-money laundering work, the group is also able to leverage the expertise of the firm’s specialisms in corporate governance, competition, environment, tax, labour, finance and regulatory matters. The practice is led by experienced corporate governance specialist Pedro Pellegrini, who advises on antitrust-related internal compliance guidelines, and routinely hosts compliance training sessions for company board members. Associate to note Alejandra Leiton has a practice that  fuses expertise in corporate law, competition and compliance matters.

Practice head(s):

Pedro Pellegrini

Key clients

ACG Financial

Inversiones Mitta


AES Gener


Empresas Carozzi

Western Union

DXC Technology

ITQ Chile

Latam Car Group

Ricardo Donoso

The Kraft Heinz Company

Mar Fusión


Rust Oleum Corporation

Work highlights

  • Advises Empresas Carozzi on compliance matters on an ongoing basis.
  • Advised AES Gener on governance compliance issues, which included updating its internal corporate guidelines.
  • Ongoing advice to Western Union International regarding compliance matters.

HD Legal

Known as Honorato | Delaveau until its 2023 rebrand, HD Legal‘s ‘technically good‘ six-member group routinely creates and implements tailored compliance programmes that focus on the risk of corruption, financial crimes, illegal competition, tax crimes, consumer violations, data protection, information security, labour violations, and environmental infringements. Clients additionally benefit from the firm’s sister organisation HD Compliance, a dedicated compliance consulting firm that evaluates and certifies companies’ compliance programmes. With ‘vast knowledge of this area‘, Rebeca Zamora is a criminal law specialist, whose experience encompasses advising compliance officers on the development of their activities, particularly in relation to investigations and internal audits. Former Moneda Asset Management general counsel and compliance manager, Carlos Frías, is notably experienced in financial sector-related compliance work. Further support within the partnership is provided by name partner and arbitration and dispute resolution expert, José Luis Honorato.

Practice head(s):

Rebeca Zamora; Carlos Frías; José Luis Honorato


Technically good – the only firm in Chile with this level of dedication to this area.

Excellent lawyers who know a lot about their subjects.

Agile and personalised advice and work that stand out from other professionals.

The deep technical knowledge and professionalism stand out – always up to date with new trends.

A team of professionals where diversity prevails, which is why it can also provide viewpoints from alternative angles.

Its process of collecting expenses and invoicing of services is a timely process, which allows management of legal expenses in a timely manner.

Rebeca Zamora and Carlos Frías stand out – very pleasant professionals, and their empathy and humility distinguish them, as well as their ability to understand clients’ businesses and the search for personalised solutions over standard opinions.

Rebeca Zamora has vast knowledge of this area and excellent human skills.

Key clients



Team Foods



Open Trading


San Vicente Terminal Internacional

Credicorp Capital Chile

Derechos Digitales

Banco de Crédito del Perú, oficina de representación en Chile


PL Compliance

Conexión Kimal Lo Aguirre

Inmobiliaria Espacios


Work highlights

  • Assisted RG Corp with the review, recommendation and implementation of its prevention model on corporate crime.
  • Assisted Dreams with certifying the model for the prevention of corporate crimes at Dreams Group and its seven facilities.
  • Advising Intervial on its corporate crimes prevention programme, including conducting internal investigations as well as training.

Prieto Abogados

Prieto Abogados‘ four-member practice is sought out for its assistance with anti-bribery and corruption due-diligence matters, as well as internal auditing and training. It also assists with administrative sanctioning, compliance policy drafting, and the design of internal compliance and crime prevention systems. The compliance team’s expertise further comprises antitrust, labour, environmental and corporate law-related compliance issues; and it can draw upon the firm’s sector expertise in energy, food, TMT, insurance and real estate. Experienced in compliance and anti-bribery matters, lead partner José Andrés Pascual has particular expertise in corporate compliance work. Within the firm’s associate ranks, the practices of both Diego Madariaga and and Catalina Bruner encompass criminal liability issues, obligations to report certain activities to Chile’s authorities, and internal audits and training. Since publication, the firm has hired Romina Garrido -formerly in house at GobLab UAI- as practice director (effective as of December 2023); and white-collar litigator and economic criminal specialist María Jesús Becerra, formerly of Parraguez & Marín – effective as of January 2024.

Practice head(s):

José Andrés Pascual


Prieto Abogados has great talent.

Prieto Abogados stands out for its excellent service.

Great treatment of its staff, which is an essential element of the professional relationship built up with clients.

Key clients

DP World Chile

Mediapro Chile

Mediapro Móviles Chile

Mediapro Contenidos Chile

Delivery Hero E-Commerce Chile

Consejo de Rectores de Institutos Profesionales y Centros de Formación Técnica Acreditados AG Vertebral

Paysafe Merchant Services Corp

GNL Mejillones

Engie Energía Chile

Inmobiliaria Norte Verde


Work highlights

  • Assisted DP World with the certification of its crime prevention system.
  • Ongoing advice to PedidosYa in relation to its compliance with local laws.
  • Advised professional association Vertebral on the elaboration of its code of ethics, crime prevention system and various other policies in order to ensure compliance with Law 20.393.

Barros & Errázuriz

Barros & Errázuriz's compliance group routinely advises on Chile’s anti-money laundering and anti-bribery rules, as well as the country’s counter-terrorism financing legal framework. Its expertise covers internal investigations, enforcement actions, the design of compliance programmes, and defence-side administrative investigations. The team is co-led by regulatory expert Javier Díaz, who assists with regulatory examinations, voluntary disclosures, internal investigations, and transactional due diligence; and managing partner Cristián Barros, whose practice also covers compliance work. At senior associate level, Francisco Vial is on hand for regulatory compliance advice.

Practice head(s):

Javier Díaz; Cristián Barros

Key clients


Coca-Cola Embonor

Compass Group Administradora General de Fondos

Empresas Socovesa

AZ Andes Administradora General de fondos

Administradora De Fondos La Construcción

Caja de Compensación de Asignación Familiar 18 de Septiembre

Corporación XIX Juegos Panamericanos Santiago 2023


Work highlights

  • Regular ongoing advice to Compass Group Administradora General de Fondos on risk management and corporate control policies.
  • Advised Coca Cola Embonor on a code of ethics.
  • Advised Empresas Socovesa on a matter before the Financial Analysis Unit.

Cariola Díez Pérez-Cotapos

Cariola Díez Pérez-Cotapos' multidisciplinary department assists companies with the prevention of crimes and administrative infringements, such as internal fraud, investigations by prosecuting authorities, and fraud committed against third parties. The team’s compliance offering also covers the implementation and monitoring of compliance models. The ‘very judicious' white-collar practice head and litigation specialist Jorge Boldt advises on compliance models; and at associate level, senior Lorena Avendaño frequently seconds Boldt in civil litigation and criminal defence matters, while Simona Marquet is also experienced in compliance issues.

Practice head(s):

Jorge Boldt


Jorge Boldt is a very judicious lawyer and scholar in this area, as well as being very close to his clients. His responses are quick and efficient.

Key clients

B Braun






DNB Bank Asa Agencia en Chile

Work highlights

  • Assisted the Soprole Group with updating its compliance programme in Chile.
  • Assisted B Braun with compliance training for executives and employees.
  • Assisted Redbanc with compliance training for its board and executives.

Urenda, Rencoret, Orrego y Dörr

Urenda, Rencoret, Orrego y Dörr 's six-strong compliance group is experienced in the implementation of internal corporate policies and codes, in relation to anti-corruption, competition law, data protection, securities, and labour and environmental legislation. The department also assists with internal reviews. The practice is jointly led by Alberto Rencoret, an expert in labour law compliance matters; Nicholas Mocarquer, who advises on anti-corruption, competition and data protection-related compliance issues; and environmental law compliance specialist Ignacio Urrutia.

Practice head(s):

Nicholas Mocarquer; Alberto Rencoret; Ignacio Urrutia

Key clients






Kospo Power Services


Aceros Aza


Thomson Reuters

Grupo Marina

Echeverría Izquierdo

Work highlights

  • Assisting Aceros Aza with the update of its crime prevention programme.
  • Advising Sony Chile (on an ongoing basis) on compliance matters.
  • Advising Grupo Marina on compliance matters.