Mexicans spent approximately US$2.5 billion on approximately 197 million bribes (mordidas) in 2007, according to a Transparency Mexico report that was cited in a Excelsior.com article.
U.S. companies with Mexican subsidiaries and Mexican companies that are required to file periodic reports with the SEC (e.g., because they issue American Depositary Shares) should be mindful of the U.S. Foreign Corrupt Practices Act when making any payment to foreign officials for the purpose of obtaining or keeping business for or with, or directing business to, any person.
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