Financial Investigations for U.S. Companies with Operations in Latin America

Our team of professionals work with executives and legal counsel to efficiently and discreetly unravel complex accounting issues and fraud schemes and clearly communicate the facts to relevant authorities and stakeholders. We assist clients in defending against government enforcement inquiries, drawing on our experience interacting with the U.S. Department of Justice, the U.S. Securities and Exchange Commission and other regulatory agencies.

We have conducted investigations and other corporate compliance projects in Mexico, Panama, Venezuela, Guatemala, Aruba, Puerto Rico, Chile, Brazil, and other countries in Latin America and other regions of the world.          

What Sets Us Apart

Our professionals include Certified Fraud Examiners (CFEs), Certified Public Accountants (CPAs), and Certified Anti-Money Laundering Specialists (CAMS). We also have practical experience conducting complex financial investigations, as well as cultural fluency of the local norms, language skills including Spanish, and strong data analytics capabilities.

We work with law firms on a broad array of financial, forensic accounting, regulatory, and internal investigations involving such issues as financial statement fraud, collusion, whistleblower claims, corruption, bribery, overstated revenues, understated liabilities, shell companies, screening of third parties, vendor and employee fraud, conflicts of interest, expense reimbursement schemes, and ethics hotline complaints.

For multifaceted investigations that require a broader array of capabilities, such as tax matters, electronic data collection, cybersecurity, and internal controls, we assemble teams to bring clients an “end-to-end” solution through a network of contacts in the U.S. and Latin America leveraging Weaver’s in-house capabilities and international strategic alliances.    

Compliance

Non-compliance with the Foreign Corrupt Practices Act (FCPA) and other complex anti-corruption laws can lead to financial penalties as well as reputational damage. When a business is facing allegations of corporate malfeasance, various stakeholders such as regulators, auditors, and investors expect timely and credible answers supported by a prompt, well-conceived and executed investigation strategy.

Weaver assists U.S. law firms and companies in developing, implementing and monitoring proactive compliance programs to control risks and, when issues arise, respond to regulators.

Our services include:

  • Forensic accounting analysis
  • Fraud investigations
  • Profit disgorgement and ability to pay analyses
  • Risk assessments
  • Monitorship support
  • Forensic data analytics
  • Anticorruption, including FCPA and money laundering investigations
  • Internal controls assessment and remediation

Our Success Stories (Representative List)

FCPA Shadow Investigation (U.S.A., Mexico)

Improper Payments Characterized as Commissions

Led an FCPA shadow investigation focused on an international consumer finance company’s Latin American operation. Investigated the legality of certain payments under FCPA and local laws, as well as the appropriate recording of such payments. The investigation also examined the identification of payments to certain vendors and the corresponding potential tax ramifications.

Corporate Investigation (Aruba)

Anti-Corruption Risk Assessment

Performed forensic analysis of transactions for a company with operations in the United States and South America. We assembled a team of forensic professionals based in several offices throughout the USA and deployed the team internationally to conduct the forensic analysis and validation of documentation both in English and Spanish. We conducted data analytical procedures to identify parties and transactions of interest, validated supporting documentation and performed a flow of funds analysis across accounts.

FCPA Monitorship (South America)

Vendor Payment Analysis for a Global Pharmaceuticals Company

Assisted outside counsel in an FCPA monitorship initiated by allegations involving the Latin American subsidiaries of a global pharmaceuticals’ manufacturer. The allegations included improper payments to government doctors and payments for approval of certain drugs. The work involved interviews of company personnel and securing and reviewing electronic financial data from the entities in South America.

Asset Tracing Analysis (U.S.A., Mexico)

Traced Funds Seized by the Southern District of New York

Conducted an asset tracing investigation/analysis in connection with an international matter related to tens of millions in USD seized assets of by the Southern District of New York. The seized assets belonged to the shareholders of several companies incorporated in Mexico, U.K., British Virgin Islands and Panama.

Internal Controls Risk Assessment (U.S.A., Mexico, Brazil)

Improper Use of Marketing Development Funds

Conducted review based on analytics of a company’s Latin American marketing development programs and other distributor transactions, due to concerns regarding quality of internal controls and policies. Through a combination of analytics and on-site interviews, we identified numerous red flags indicative of fraud, corruption, and potential money laundering. As a result of this work, management was required to undertake a fundamental redesign of controls related to its marketing development program and its touchpoints with government officials.

Forensics and Litigation Thought Leadership

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Sasha Gartman

Sasha Gartman

Senior Manager, Forensics and Litigation Services

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Sasha Gartman, CFE, CAMS, has more than 15 years of experience in public accounting, compliance and financial services. Before…

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