The private sector was called upon to provide legislative assistance in the formulation of anti-corruption regulations in the private sector. The draft anti-corruption law contemplates that the existence, execution and effectiveness of transparency and business ethics programmes or anti-corruption mechanisms within companies, mitigates the sanctions for acts of corruption. In the case of SMEs that often do not have the capacity to develop this type of programme, the existence of educational and awareness-raising processes that promote transparency, integrity and business ethics within these types of companies allows for sanctions for corrupt acts to be implemented on a graduated scale. It is proposed that the Uruguayan State can grant benefits to companies that collaborate in a timely manner with the provision of information in relation to corrupt behaviours. The draft anti-corruption law contemplates fines, disqualifications, and other administrative dispositions for companies that commit acts of corruption. By involving the private sector, the State has ensured the law is reflective of realities and provided the private sector with ownership and accountability in the implementation of the law.
Source: 2023, un año de logros, https://www.pactoglobal.uy/2023-logros/
