Rising Stars

Firms To Watch: Compliance

Diego Abeo's February-2024 appointment as an equity-partner consolidates the compliance and white-collar offering at Estudio Olaechea, where he leads a four-strong team that handles the full range of compliance and corporate criminal matters.
The compliance team at Philippi Prietocarrizosa Ferrero DU & Uria now enjoys partner-level leadership following the December 2023 promotion of practice head (and white-collar litigator) Daniel Ramos to the partnership.
The compliance team at Valderrama Abogados -formerly Miguel Mur Abogados- offers clients advice on regulatory and due diligence matters, with Erick Valderrama and associate Karina Quinde jointly heading the practice.

Compliance in Peru

Payet, Rey, Cauvi, Pérez Abogados

Payet, Rey, Cauvi, Pérez Abogados‘ compliance team is highlighted for its experience in economic criminal law and crime prevention, as well as its ability to provide domestic and international compliance services in conjunction with different practice areas within the firm. The team is adept at advising clients on matters involving money laundering, antitrust law, financial law, labour matters, occupational health and safety, and other regulatory risks, to name a few. The practice is jointly led by banking, mining and industrial sectors expert Juan Diego Ugaz, Carlos Patrón, who is recommended for the implementation of antitrust compliance programmes, José Cúneo and Francisco Ugaz, who is also active in the banking and mining industries, among others. At the associate level, Giancarlo Baella handles competition law matters, Erick Palao is noted for corporate criminal law expertise, and Renzo Vinelli is a key contact for criminal procedural law.

Practice head(s):

Juan Diego Ugaz; Carlos Patrón; José Cúneo; Francisco Ugaz


‘The Estudio Payet Compliance team has extensive experience in the country and is recognised for its experience and solid knowledge in compliance issues. These characteristics gave us the confidence to work with them as a highly specialised team. In our experience, the strongest points of the Payet compliance area are their solid knowledge, experience and track record.’

‘In our experience, the quality of the product that Payet delivers is very satisfactory. They provide us with a specialized and personalized service for the needs of the client. This includes special coordination of our service delivery time needs, accelerating deadlines when there is an extraordinary demand.’

‘Erick Palao stands out: his support was key to ensuring that our organisation complies with the legal provisions regarding the prevention of money laundering and terrorist financing.’

‘The team is always very professional and very close to its clients. They always try to understand the business to propose solutions that fit the needs.’

‘We work a lot with Carlos Patrón and David Kuroiwa. Both always correct in their advice. They always seek to propose solutions that fit the needs of their clients.’

Key clients

Corporación Azucarera del Perú

Motores Diesel Andinos

Mediterranean Shipping Company del Perú


Work highlights

  • Implemented an integrated compliance system for Corporación Azucarera del Perú in order for it to prevent risks associated with the crimes of Law 30424.
  • Designed a criminal compliance programme in accordance with Law 30424 and its regulations for Motores Diesel Andinos.
  • Designed a criminal compliance programme in accordance with Law 30424 and its regulations for Mediterranean Shipping Company del Perú.

Rebaza, Alcázar & De Las Casas

The compliance department at Rebaza, Alcázar & De Las Casas is experienced in assisting clients in preventative measures, providing training, compliance diagnostic audits and due diligence. The team is also well versed in criminal proceedings and internal investigations. Co-head Hector Gadea Benavides is a key contact for the development of crime prevention models, while fellow co-head Augusto Loli Carrillo is a key contact for white-collar crime and internal investigations. The team’s sector experience includes telecoms, infrastructure, financial, transportation, cosmetics and automotive, to name a few. Additional contacts at associate level include senior Sergio Mattos and intermediate Flavio Puchuri. Since publication, Mattos has been raised to the partnership - effective as of January 2024.

Practice head(s):

Augusto Loli Carrillo; Héctor Gadea Benavides


‘They have subject matter experience and a great track record.’

‘Always attentive and willing to help.’

‘It has formed powerful synergies with partners in other jurisdictions, which translates into quality and reliable advice for the client.’

Key clients

Digital Holdings Perú

Crosland Automotriz

Universidad de Piura

SIGMA Sociedad Administradora de Fondos de Inversión

Costeño Alimentos

Yanbal Group

Maersk Logistics & Services Perú

Maersk Line Perú

Work highlights

  • Designed and implemented a compliance programme for Digital Holdings Perú.
  • Advised Costeño Alimentos in designing and implementing a compliance programme, which involved the training of nearly 200 employees.
  • Designed and implemented a compliance programme for Grupo Yanbal to avoid misconduct associated to corruption, money laundering and terrorism funding.

Rodrigo, Elías & Medrano Abogados

Rodrigo, Elías & Medrano Abogados‘ compliance practice is headed by José Reaño Peschiera, who is particularly adept at handling business crime cases and matters related to tax evasion and insider trading. Other areas of expertise offered by the practice include assistance in money laundering and misappropriation cases, providing risk assessments and due diligence work, providing training on anti-bribery, and defending clients in white-collar crime cases. Recent compliance work for the team includes designing a mitigation plan and training for a large domestic client, and assisting a client with a cross-border tax fraud case. Associate Jose Luis Medina is a name to note, as is José Caro, who joined the practice in March 2022.

Practice head(s):

José Reaño Peschiera


‘Solid and recognised team in the market on compliance issues.’

‘The expertise, knowledge and level of adaptation to the client’s vision.’

Key clients

Telefónica Del Perú

Scotiabank Peru

BBVA Banco Continental

Anglo American Peru

Investimentos e Participações Em Infraestrutura

Pluspetrol Camisea

Compañia Minera Antamina

Enfoca Sociedad Administradora De Fondos De Inversión

Southern Peru Cooper Corporation


CMS Grau

The ‘very solid‘ compliance team at international firm CMS Grau is highlighted by clients for its ‘360-degree focus‘, offering advice to both domestic and international companies on compliance programmes, and preventing money laundering and corruption. Carolina Cueva, an expert in criminal litigation, leads the team and brings experience in corporate and white-collar criminal matters. The practice also assists clients in human rights risks assessments, particularly for the mining industry.

Practice head(s):

Carolina Cueva


‘The CMS Grau compliance team is very solid. Carolina Cueva leads her team and practice at CMS Grau in an exceptional way.’

‘In this practice they have a 360-degree focus, not only thinking about criminal compliance but also the integration of compliance as a system.’

‘Excellent advice on Compliance issues.’

Key clients

Corporación Breca


Corporación Peruana de Productos Químicos


Enagás Perú


Ferrovial Agroman Sucursal del Perú

Solvi Essencis Ambiental


Consorcio Internacional Wayra

Limautos Automotriz del Perú

Gold Fields La Cima

Cementos Pacasmayo

Scania del Perú

Pan American Silver

Inmobiliaria Miraflores Perú

Cruz del Sur

Hudbay Peru

Work highlights

  • Audited nine different businesses lines for client Corporacion Breca, which resulted in more than 70 audited areas and more than 90 hours of interviews.
  • Advised MINSUR’s compliance officer on a day-to-day basis on all matters related to compliance, as well as the design and implementation of the ISO 37001 standard within the organisation.
  • Advised PanAmerican’s compliance officer on a day-to-day basis on all matters related to compliance.

Estudio Echecopar member firm of Baker McKenzie International

Teresa Tovar leads the compliance team at Estudio Echecopar member firm of Baker McKenzie International, which offers clients risk assessments around corruption, the development of compliance and mitigation programmes, assistance in internal investigations, and the provision of training programmes. The firm is also well placed to handle cross-border matters on account of its international office network. Associates Viviana Chávez, who is a key contact for competition and data protection cases, and Cesar Durand, who was promoted to senior associate in July 2022, also lend support.

Practice head(s):

Teresa Tovar

Key clients

Telefónica del Peru

Derco Perú



Apoyo Consultoría

Minera Aurífera Retamas

IBT LLC Sucursal del Peru


Caterpillar International Services del Perú

Ocho Sur P

Telefónica Global Solutions Perú


SK Innovation Sucursal del Perú

Unacem Perú

Intcomex Perú

Patronato BCP


Work highlights

  • Assisted in the design and implementation of compliance programmes for Minera Aurifera Retamas.
  • Advised on the review and adaptation of compliance policies and proceedings to prevent risks under local law for Marcobre.
  • Conducted a risk assessment and assisted in the preparation of risk matrices classified according to frequency and impact for Telefonica del Peru.

Miranda & Amado

Miranda & Amado‘s compliance team is capable of handling the full spectrum of compliance matters, with recent work including advising a client in a bid-rigging investigation, reviewing compliance programmes, and representing clients in investigations before INDECOPI. The team, led by Bruno Amiel, is made up of six partners and nine lawyers; Amiel is recommended for corporate compliance issues, while José Luis Velarde and Rafael Díaz are key contacts for criminal compliance. Enrique Felices and Fiorella Zumaeta are names to note for antitrust and competition issues, while Willy Pedreschi and associate Fabiana Vittoria are active in compliance issues arising from acquisitions. Counsel Katherine Torres develops compliance programmes and was promoted to counsel in January 2022.

Practice head(s):

Bruno Amiel


‘What makes this practice unique is the experience they have in compliance issues. Miranda & Amado works with the main companies in the country and they also have a first class professional team. The combination of both factors makes them a winning formula.’

‘Its dedication and professionalism is off the charts. A team committed to achieving the best possible result. They are creative and committed to a standard of excellence.’

Key clients


Talma Servicios Aeroportuarios

Aeropuertos del Peru

Arte Express

Inmobiliaria Koricancha


Grupo Repsol

DiDi Mobility Information Technology

Telefónica del Perú

Natura Cosméticos

Procesos de Medios de Pago

Amazon Web Services

United Heath Group

Work highlights

  • Advised Natura Cosmeticos regarding two projects to reduce antitrust and consumer protection risks, respectively.
  • Carried out a compliance due diligence for Statkraft within the context of a potential acquisition.
  • Represented Repsol in four cases involving the investigation of price -ixing practices in the market of fuels at a national and regional level before INDECOPI.

Benites, Vargas & Ugaz

The compliance department at Benites, Vargas & Ugaz is praised by clients for its ‘unbeatable teamwork‘; it is co-led by counsel Liliana Calderón, who is also highlighted for her ‘extensive knowledge‘ and expertise in anti-corruption matters, corporate compliance, and the prevention of money laundering. Co-head Roberto Pereira specialises in white-collar crime litigation. The practice is adept at advising clients in a range of sectors, such as pharmaceutical, construction and insurance, with recent work examples including assistance to mining companies in internal investigations and providing risk assessments to clients.

Practice head(s):

Roberto Pereira; Liliana Calderón


Liliana Calderón is my trusted partner and to whom I turn when I require a highly expert, specialised opinion based on jurisprudence, law and evidence. She is always available for any requirement and the response time is extremely fast. She is empathetic and proactive, as well as having a vision for teamwork that adds a lot to handling any problem. Luis Vargas has total knowledge of the issues and also supports us in criminal and compliance issues.

The compliance team, led by Liliana Calderón, is available and attentive to answer our queries, with an optimal response time and solvency in their answers. The firm gives you care immediately. I highly emphasize the work of Liliana Calderón, she has no problem adapting to the times and deadlines of her clients, even in high-pressure situations.’

The BVU compliance team is solid and committed. The advice that we have received from them always has a transversal and comprehensive perspective, they approach the advice directly and with sufficiently in-depth answers without ceasing to be practical.’

Key clients

Tecnológica de Alimentos


Rimac Seguros

Telefónica de Perú

Obrascon Huarte Lain Suc. Del Peru

Metro de Lima Línea 2

Grupo Inmobiliario Capac

Cnpc Peru


AESA Administración de Empresas

Grupo Centenario

Minera Chinalco Peru


Work highlights

  • Advised Metro de Lima on the implementation of its compliance programme.
  • Advised Minsur on several internal investigations regarding complaints in different matters presented through the whistleblower channel.
  • Developed an integral training programme on compliance matters to the main officials and managers at Minera Chinalco Peru.

Caro & Asociados

Caro & Asociados, a boutique firm with a specialism in white-collar criminal law, offers clients advice on compliance and the prevention of risks. Dino Carlos Caro Coria heads the firm, with Luis Miguel Reyna Alfaro leading the consulting and compliance department. The team of four partners and eight associates regularly undertakes internal investigations, audits, and the development of compliance programmes for clients in sectors such as mining, real estate and construction. Co-heads María Alejandra Quintana Gallardo and Luz Celeste Valenza Trujillo offer expertise in dispute resolution and legal forensics, respectively.

Practice head(s):

Dino Carlos Caro Coria; Luis Miguel Reyna Alfaro; María Alejandra Quintana Gallardo; Luz Celeste Valenza Trujillo

Key clients

Compañía Minera Buenaventura

Nexa Resources Perú

Cam Servicios Del Perú

Inmobiliaria y Constructora Tierras Del Sur


Iron Mountain Perú

Work highlights

  • Provided training to Compañía Minera Buenaventura on the prevention of money laundering and financing of terrorism, specifically around SBS Resolution No. 789-2018.
  • Developed the project Goal 100, involving mitigating criminal risks, which also includes an action plan, for Nexa Resources Perú.
  • Provided Inmobiliaria y Constructora Tierras del Sur with a report pointing out the possible legal contingencies and risks that may arise in the purchase of a property and its background.

CPB Abogados

CPB Abogados‘ compliance department regularly assists clients with the development of compliance policies, particularly in relation to anti-corruption and the prevention of money laundering and terrorism financing. The practice is jointly led by Mario Pinatte, who is especially adept at conflict resolution matters and crisis management for clients, and Pia Iparraguirre, who was promoted to partner in November 2022 and brings experience from regulator OEFA in environmental matters. Recent work for the team includes implementing prevention models and creating criminal compliance programmes.

Practice head(s):

Mario Pinatte; Pia Iparraguirre


‘It feels like a well-cohesive team and they complement each other well so that we can meet the objective within the time frame we have. I really like that they seek to protect our position but understand that the closing of the operation is as important as the first.’

‘They have a good team, mixing experience and young people. They show good disposition and serve in a timely manner.’

‘They are always aware of what we need and willing to help. They have good management of regulations.’

Key clients

Inmobiliaria De Turismo

Empresa de Administración de Infraestructura Eléctrica

Grupo Inmobiliario Aurora

Ibañez Solano Srl Sucursal En Perú



Flat Arequipa

Pronokal Peru

Urbi Proyectos

Dresden Corp

Yamaha Motor Del Perú

Cartavio Rum Company

Tiendas por Departamento Ripley

Banco Ripley Perú

ICC Perú

Work highlights

  • Provided criminal compliance advice to Banco Ripley Peru.
  • Provided Cartavio Rum Company with risk management advice and assistance in the implementation of a prevention model in free competition, labour, tax, corporate and environmental matters.
  • Provided Grupo Inmobiliario Aurora with risk management advice and the implementation of an anti-money laundering prevention system.

DS Casahierro Abogados

The compliance practice at DS Casahierro Abogados is experienced in assisting clients in cross-border matters thanks to its international corporate network, and it is especially active in the construction industry. Co-heads of the team Jose Matto and principal associate Emma Canchari recently advised a client on the implementation of a compliance programme and anti-bribery management system, and also provided advice to a company on the corporate model for the prevention of corruption crimes. Other areas the practice assists with include reviewing compliance programmes, providing training for compliance and anti-bribery, and advising on ISO standards.

Practice head(s):

Jose Matto; Emma Canchari


‘DS Casahierro attends to specialised issues, with a professional team that offers continuity and follow-up, adapted to the needs of the client, advising and offering highly valued solutions, and appropriate to the business.’

‘Emma Canchari offers her extensive experience in the implementation of compliance models, with great professionalism, closeness, kindness, highlighting her high capacity to identify gaps, offer action plans, and promote the closure of projects with satisfactory results valued by the client.’

‘They compare favorably because they understand what our company does, because regulation is in constant motion and it is important to understand this for compliance.’

Key clients

Inti Punku Joint Venture

Terpel Perú

Terpel Comercial del Perú

Terpel Aviación Del Perú

Sacyr Construcción Perú

Sacyr Concesiones Perú

Sacyr Operación y Servicios Perú

Productos Roche

Roche Farma (Perú)

Cumbra Perú

Mareauto Peru

Laboratorios Lukoll

América Móvil Perú

Sociedad Nacional de Pesquería

Nhoa Energy

Compañía Nacional de Chocolates De Perú

Futuro Invest

Viva Negocio Inmobiliario

Primus Capital Leasing

Primus Capital Perú

Primus Capital Créditos

AGP Perú

Industrias Criogénicas del Perú


Andritz Hydro LTDA. Sucursal del Perú

COZ y Compañía Sucursal del Perú

Conductores Eléctricos Lima

Archer Daniels Midland


Consorcio Peruano de Estaciones

Distribuidora Jandy

Terminales Del Perú

Work highlights

  • Improved the compliance systems implemented in Terpel, covering anti-money laundering, terrorism financing and antitrust.
  • Developed a risk matrix for Sacyr with the purpose to identify, evaluate and mitigate potential criminal contingencies in the business, with emphasis on crimes of public and private corruption.
  • Managed and executed the compliance activities and monitoring of the compliance programme for Inti Punku.

Hernández & Cía

Hernández & Cía regularly develops compliance programmes for its clients, as well as issuing crisis reports, conducting internal investigations, and evaluating existing criminal compliance programmes. The team is jointly led by Gonzalo Del Río, who advises clients such as Hermes, and Alfredo Filomeno, who leverages his experience in corporate M&A and banking to assist clients with compliance advice relating to complex corporate structures. Senior associate Kris Maquin also lends assistance in compliance matters.

Practice head(s):

Gonzalo del Río; Alfredo Filomeno

Key clients


Universidad San Ignacio de Loyola








Work highlights

  • Advised Aenza (previously Graña y Montero) on corporate crisis management.
  • Conducted an independent investigation in order to collaborate with the authorities in a Lava Jato case.

Muñiz, Olaya, Meléndez, Castro, Ono & Herrera Abogados

Muñiz, Olaya, Meléndez, Castro, Ono & Herrera Abogados’ compliance team is adept at handling personal data privacy protection and consumer protection matters, with the practice catering to both domestic and international clients. The team is headed by Mauricio Olaya and Ian Galarza, who are experienced in the implementation of compliance programmes and white-collar criminal law, respectively. The practice is also able to advise clients on anti-money laundering issues, the prevention of terrorist financing, and risk prevention. Pierino Stucchi and José Antonio Bezada left the firm in April 2023.

Practice head(s):

Mauricio Olaya; Ian Galarza


‘Very good team. Attentive to our queries, obtaining excellent results.’

‘Kind, empathetic, patient: Ian Galarza.’

Key clients


Grunenthal Peruana

G.W. Yichang & Cia

Arca Continental Lindley

Química Suiza Industrial


Optica Los Andes

Nestlé Peru


Pluspetrol Perú Corporation

GM Operaciones

Terminal Porturario Paracas

China Yangtze Power Corp

Compañía Operadora de Gas

Transportadora de Gas del Perú

Valero Energy Corporation

Metco Trading

Work highlights

  • Advised Perufarma on the implementation of compliance programmes in the areas of competition, consumption and advertising.
  • Advised Terminal Portuario Paracas to develop the update of the criminal compliance system according to the new modifications of the law 30424 and the guidelines of the Stock Market Superintendency.