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Copied from Corruption in Brazil

To counteract widespread corruption in the private and public sector, Brazil enacted the Clean Company Act 2014 (Law No. 12, 846), which holds companies responsible for the corrupt practices of their employees and liable without a finding of fault. Bid rigging and fraud are prohibited in public procurement, as well as bribery of Brazilian public officials. If found guilty of corruption the companies can be suspended, dissolved or fined.

In the Clean Company act, stress put on the difference between individuals and legal entities in Brazilian anti-corruption Law. Only individuals can be criminally punished if found guilty of bribery. Legal entities (i.e. companies and organizations) are punished through the use of judicial and administrative sanctions. During this process, if found guilty legal entities are subject to losing 0.1% to 20% of their gross revenue along with the removal of all public loans, assets, and government subsidies. However, in spite of all this, Brazilian legislation does not put a limit on hospitality expenses to officials; although any amount can be considered corrupt.