According to a study conducted by Fundação
Getúlio Vargas (FGV) on the impacts of corruption in public
policy in Brazil from 2002 to 2012, around BRL 40 billion were
misused due to bad faith or bad management.
By the enactment of the new law, Brazil is now taking a stand
against corruption.
The new regulation, also called the "Clean Companies Act"
abroad, will now change the way people do business and deal with
procedures in Brazil.
This is due to happen because the law provides for the strict
liability of the entities. This means that a company can be held
liable for an infraction regardless of proven negligence or
misconduct of their managers and officers.
This possibility will impose on companies the obligation to be
very strict in relation to whom they contract with and how they do
it. In this sense, several Brazilian companies are already adopting
procedures to investigate their contractors, suppliers and clients
before entering into new agreements, as it
