Monday 20 September 2021

How bribes from foreign companies work in Mexico

This is one of the countries of the Organization for Economic Cooperation and Development (OECD) that is worst rated in the fight against international bribery

Paying the bills


1,308 complaints about parties and agglomerations this weekend

QCOSTARICA - Police actions to enforce health regulations do...


Following the series of accusations and backlash levelled against...

Top 3 Tips for Better Online Casino Security

The gambling industry has prospered over the years and...

Today’s Vehicle Restriction September 20: Plates ending in “1 & 2” CANNOT circulate

QCOSTARICA - For today, Monday, September 20, vehicles with...

Athleta women’s brand opened its first store outside North America in Costa Rica

QCOSTARICA - Gap Inc.'s Athleta brand announced the opening...

Carlos Alvarado: Vaccine retention ‘delays global solution and increases risk of new virus variables’

QCOSTARICA - Costa Rica President Carlos Alvarado showed his...
Paying the bills


Q24N (EL UNIVERSAL) – The Mexican Institute for Competitiveness (IMCO) mentions that corruption is a phenomenon that does not respect borders. Since 1999, Mexico has acquired international commitments focused on investigating and sanctioning international bribery. However, it has not imposed a single penalty for this crime.

Anti-corruption reform would raise fines to companies for bribery of officials

The IMCO stressed that Mexico is one of the countries of the Organization for Economic Cooperation and Development (OECD) that is the worst qualified in the fight against international bribery.

- Advertisement -

International bribery occurs when a person or company bribes a public official from another country to obtain an illicit advantage when conducting business abroad. This type of bribery can occur in:

  • Obtaining public contracts through international tenders.
  • The delivery of operating permits for a company.
  • The import and export of products that require going through customs.

The number of investigations initiated by Mexico is considerably low when compared to other countries and trading partners. Despite the fact that the prosecution of international bribery is also part of trade agreements such as the Treaty between Mexico, the United States and Canada (T-MEC), the efforts made by our country to investigate and apply sanctions are not on par with its Business partners.

IMCO Proposal

In order to strengthen the capacities of the authorities responsible for the detection, investigation and punishment of international bribery, the IMCO proposes:

  • Recognize the eradication of international bribery as a priority of the Government of Mexico. Currently, there is not a single mention of international bribery in the National Anti-Corruption Policy. The detection and punishment of this conduct requires coordination and cooperation between different agencies, which will only be possible if the eradication of this conduct is prioritized.
  • Make transparent and update the information on open investigations and sanctions applied. The data regarding actions to eradicate international bribery are insufficient and out of date. It is necessary to create accessible platforms that publish timely information that includes, at least, data regarding the investigations initiated, investigations in progress, sanctions applied, and reasons for which it was determined not to apply a sanction.
  • Encourage self-reporting by companies through the granting of benefits that encourage cooperation with the authorities. Mexico should implement policies similar to those of other countries where penalties for companies that report their own actions and cooperate in the course of investigations are considerably reduced. In this way it will be possible to increase the number of cases detected, correct the damage done and prevent future improper acts.
  • Enable reporting of cases of international bribery on the website of the Ministry of Public Administration (SFP). For just over a year, the SFP has had a portal for whistleblowers against corruption. However, the platform does not admit complaints about acts of international bribery. Taking into account that the main reporting channel for this crime is self-reporting, it is essential to enable this option for individuals and legal entities.

Article translated from El Universal “Cómo funciona el cohecho internacional en México”. Read the original here.

- Advertisement -
Paying the bills
Q24N is an aggregator of news for Latin America. Reports from Mexico to the tip of Chile and Caribbean are sourced for our readers to find all their Latin America news in one place.

Related Articles

Carlos Alvarado: Vaccine retention ‘delays global solution and increases risk of new virus variables’

QCOSTARICA - Costa Rica President Carlos Alvarado showed his opposition to...

What are we celebrating?

QCOSTARICA - From the gallows humor department is the following meme...

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.