The Post Lava Jato World: How Corporates Must Adapt to the Changing Regulatory and Compliance Environment in LATAM

Event Date(s): 11/19/2019

Murphy & McGonigle's White Collar Defense, Investigations & Compliance Counseling Practice hosts a pivotal event exploring the aftermath of the wide ranging Lava Jato enforcement actions in Brazil and featuring authorities who were centrally involved in investigating that historic scandal.  

The Nov. 19 event features Antonio Carlos Vasconcellos Nobrega, the former Head of Federal Security Affairs of Brazil, who played a leading role in the enforcement effort of the Lava Jato corruption scandal. Mr. Nobrega will be making his first appearance in the United States.

The event, “The Post Lava Jato World: How Corporates Must Adapt to the Changing Regulatory and Compliance Environment in LATAM,” takes place on Tues., Nov. 19 at Murphy & McGonigle’s New York office (1185 Ave. of the Americas). The event will run from 9 am to 12 noon.

Several other prominent anticorruption experts with significant roles in Latin American white collar enforcement round out the field of speakers. These include George “Ren” McEachern, Managing Director of Exiger, who formerly headed the FBI International Corruption Squad and led the bulk of the Lava Jato investigations; Robert Appleton, a former supervisory Assistant US Attorney in the DOJ, leading international white collar investigations and compliance practitioner and former Chief of the UN’s first Anti-corruption unit; and Robertson Park, a former DOJ Fraud Section attorney. Mr. Appleton and Mr. Park are both shareholders in Murphy & McGonigle’s White Collar practice.  The panel will also include prominent Brazil attorney Carlo Verona, of the Demarest Law Firm in Sao Paulo.  

“This will be one of the most significant gatherings of Latin America anti-corruption experts to take place in the United States,” said Mr. Appleton, who has held several leading international enforcement roles most recently invested significant effort in compliance and asset recovery in Latin America. “We are extremely fortunate to have the perspectives of these esteemed officials who played central roles in the effort, as well as the other accomplished panelists, as we address what corporates need to do for compliance following the Lava Jato scandal.”

Lava Jato is an ongoing criminal investigation by the Federal Police of Brazil. Originally a money laundering investigation, it expanded to cover allegations of corruption atj several prominent government owned companies in Brazil including Petrobas, Odebrecht and Electrobras, where executives allegedly accepted bribes in return for awarding contracts to construction firms at inflated prices. This criminal scheme was initially known as "Petrolão" (Portuguese for "big oil") because the scandal involved the state-controlled oil company.

“This is a highly unusual opportunity for anyone engaged in cross border commercial activity in Latin America to hear first-hand from those who have been in the trenches of one of the most extensive corruption scandals on record,” said Mr. Appleton. “Corporations that are active in the region will also benefit significantly by attending.”

Murphy & McGonigle serves the litigation, enforcement defense, and regulatory counseling needs of clients across the full spectrum of the financial services industry – from national banks, broker-dealers, investment advisers, and hedge funds, to national and international securities markets and exchanges. Many of the firm’s partners formerly served in senior positions at the U.S. Department of Justice, SEC, FINRA, CFTC, and the New York State Department of Financial Services, and several served in senior executive positions in major financial institutions on Wall Street.  Murphy and McGonigle’s Appleton is very active in Brazil, representing numerous companies in compliance, defense, asset recovery and companies and individuals facing regulatory enforcement actions.