A Tough Line on Fraud
http://www.msnbc.msn.com/id/7101284/site/newsweek/
American scrutiny forces changes in Latin America.
By Scott Johnson
Newsweek International
March 14 issue - Mexico, along with most other countries in Latin
America, is integrating rapidly with the global economy. The country's
GDP grew by nearly 5 percent last quarter, and its investment climate
is generally considered favorable. Yet that same integration, along
with heightened concerns about terrorist funding, has led to more
scrutiny of the region's business and regulatory practices. In
particular, new U.S. corporate-governance laws like Sarbanes-Oxley, and
certain provisions of the U.S. Patriot Act, are pressuring Latin
American regulators and corporations to do more to find and eliminate
fraud.
South America
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