Guatemala, Panama and Venezuela will be scrutinised after being
considered potential corruption practitioners. TMF Group's
North LatAm Sub Regional Director Walter Gutsch looks at how this
affects the countries' reputation and what it could mean for
the business environment.
The world's regulators often catch private enterprises and
public organisations from all over the world participating in some
kind of corrupt activity, even if those organisations are usually
considered squeaky-clean.
Countries are no different. Despite being considered one of the
most "transparent" countries in the region, Guatemala was
just named a potential active practitioner of corrupt activities.
The country - alongside with other 6 neighbours – will be
scrutinised to find out if it has any relation or has duplicated
the Petrobras corruption scheme that is currently
under investigation in Brazil.
