Innovation In Compliance With Tom Fox

Tropicalizing Your Compliance Program with Carlos Ayres

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Synopsis

What happens when a compliance program gets lost in translation? Or worse, what if you translate your compliance program but it's still missing important information and details? Carlos Ayres, Founding Partner at Maeda, Ayres & Sarubbi Advogados, works with compliance, investigations, and government enforcement to implement and enhance their compliance programs and anti-corruption measures. Tom and Carlos discuss the importance of ‘tropicalizing’ your compliance program and how it benefits the organization.What does tropicalizing your compliance program mean? Let's say you have a company in the United States and you decide to open a satellite branch in Latin America. It’s common practice for US-based headquarters to share their compliance programs and other resources to help set up the international branch. This is where the problems usually start. Compliance training programs and policies are often directly translated into the international branch's language with little to no regard for local compliance