Welcome to the award-winning FCPA Compliance Report, the longest running podcast in compliance. In this episode, Tom welcomes Tim O’Toole and Matt Ellis from Miller & Chevalier to discuss the significant implications of President Trump’s executive order designating Mexican drug cartels as Foreign Terrorist Organizations (FTOs).
Tim and Matt elaborate on the heightened compliance risks and operational challenges now faced by companies See more +
Welcome to the award-winning FCPA Compliance Report, the longest running podcast in compliance. In this episode, Tom welcomes Tim O’Toole and Matt Ellis from Miller & Chevalier to discuss the significant implications of President Trump’s executive order designating Mexican drug cartels as Foreign Terrorist Organizations (FTOs).
Tim and Matt elaborate on the heightened compliance risks and operational challenges now faced by companies operating in these regions. The conversation delves into the legal distinctions between Specially Designated Nationals (SDNs) and FTOs, the broad-ranging impact on industries such as agriculture and logistics, and the urgent need for robust risk assessment strategies to mitigate civil and criminal liabilities under U.S. law. They also explore the broader Latin American context and potential collateral consequences for U.S. and Latin American companies amid anticipations of increased regulatory scrutiny and enforcement actions. The discussion concludes with timely observations on recent U.S. Treasury directives aimed at curbing money laundering activities by cartels, showcasing the lengths to which the administration is willing to go to combat these criminal enterprises.
Key Highlights:
• Executive Order and FTO Designation
• Heightened Risks for Companies in Mexico
• Complexities of Cartel Influence in Mexico
• Risk Management Strategies for Companies
• Broader Implications for Latin America
• Potential Weaponization of FTO Designation
• Corporate Compliance and Human Rights See less -
