Latinnews Daily - 14 September 2017

Colombia: The Superintendencia de Sociedades (SuperSociedades), the corporate regulatory body, has announced that it has opened an investigation into 106 firms that operate in the country suspected of breaching anti-corruption guidelines. A SuperSociedades statement said that the investigations affect 62 industrial sector firms, 26 construction firms, seven pharmaceutical laboratories, four firms in the mining and energy sector, and three technology firms, all of which failed to implement its proposed business ethics programme. The statement explains that the programme was designed to bring business practices in line with 2016 legislation against transnational bribery. It adds that all the firms under investigation are now liable to be fined if they cannot justify their failure to adhere to the business ethics programme.

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