Brazil has started to watch its multinational companies for corrupt practices they might commit in other countries in the wake of a massive bribery scandal at home, the nation’s top anti-corruption official told Reuters.
Six years after encouraging homegrown conglomerates to expand beyond Brazil with cheap credit and eased regulatory rules, the government is now moving to ensure they are complying with international transparency and corporate governance standards.
Brazil Comptroller General Valdir Simão said his office, known as the CGU, has begun to gather information on Brazilian firms operating abroad and is in talks with U.S. authorities to enter a cooperation agreement to fight corporate corruption.
“We are drawing up a map of where Brazilian companies are present, in which markets and what economic activities, to identify the areas of most risk and decide which countries to sign bilateral agreements with,” Simão told Reuters in an interview this week.
Brazil Energy Insight 
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