06 February 2022
Colombia Strengthens the Corporate Liability Framework and Makes Other Substantial Amendments to Its Anti-Corruption Legislation
On 18 January 2022, Colombia adopted Law No. 2195 “On Transparency, the Prevention of and the Fignt against Corruption, and Other Provisions”. It introduces more severe liablity measures for legal persons for corruption offences, additional requirements for organisations to implement anti-corruption measures, due diligence and financial accountability, changes the system of anti-corruption bodies, and proposes new approaches to the detection of illicit enrichment and the reparation of damage inflicted by corruption offences.