It has been six months since the Economic Crimes Law came into effect in September 2024, providing an opportunity to reflect on its implications for businesses and the progress made so far.
To this end, on March 27th, BH Compliance organized the webinar “Economic Crimes Law: Six Months After Its Implementation for Companies,” where the challenges, obstacles, and opportunities organizations have faced so far were discussed, along with best practices and lessons learned.
The panel included Ignacia Iriarte, Legal Manager at Automotores Gildemeister; Mario Larenas, Country Manager at Freeport McMoRan; and Francisco Bilbao, Legal and Compliance Director at BH Compliance, and was moderated by BH Compliance CEO Susana Sierra.
The discussion addressed the law from three key perspectives: senior management, legal management, and an independent evaluator of the crime prevention models required by the regulation. The conversation was structured into three essential blocks: implementation and adaptation to the law, obstacles and gaps detected, and opportunities and lessons learned.
Among the key conclusions, the importance of fostering a culture of integrity that drives organizations to act correctly, even without the need for a law, was highlighted.
The webinar undoubtedly facilitated a rich conversation, offering valuable practical experiences and useful advice for companies in this adaptation process, emphasizing the tangible impact of the law on corporate culture and compliance.
