About

Aon is a leading global professional services firm providing a broad range of risk, retirement and health solutions that empowers results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance. The Latin American legal and compliance team at Aon is truly global, comprised of five chief counsel, each country-based, with representation in Aon’s biggest geographies and sub-regions totalling a team of 22 lawyers. It is also supported by a Latin America compliance manager based in the UK. Aon’s Latin American legal team supports a US$500m business in the region, operating in ten countries through wholly-owned subsidiaries or correspondent network. It provides legal, regulatory and compliance services in one of the most challenging regions for a publicly traded company. The team not only oversees country matters, but also ensures country, regional and corporate alignment for proper risk mitigation and adherence to Aon policies while ensuring the business succeeds. The team is led by Marta Carreira-Slabe, chief counsel Aon Latin America, who identifies that ‘we believe in a united Aon approach as connectors of our colleagues in the business, shared services functions, and all solutions lines and clients. We also support and are committed to Aon’s goal of diversity and inclusion, and the development of women in the legal profession. In 2018, we launched the Women’s International Network for Aon Latin America, with the support of corporate and regional business leaders’. The team has been very active in 2018 advising on regulatory matters, partnering with insurance regulators on best practices in the industry, and sharing what policies and protocols have worked well for Aon in connection with overall risk mitigation and serving our clients. ‘The regulatory climate continues to mature in Latin America and will only continue to draw from the experience of more developed regimes such as the UK and the US’, explains Carreira-Slabe before highlighting that the team has been on the cutting edge of this, leveraging best practices of other jurisdictions for the benefit of Aon clients. In addition, the team has worked to implement GDPR compliance for the region, adopting a risk-based approach and serving as leaders for the local markets. Knowing consultants, agents, brokers and clients is a central and difficult aspect of the Foreign Corrupt Practices Act (FCPA) in Latin America. For this reason, the team has implemented a robust procedure for vetting third parties and conducting proper due diligence. It has also implemented tailored anti-corruption training to ensure the business understands compliance red flags and to ensure that they seek guidance from legal regarding due diligence, third party monitoring or any potential third-party liabilities. Over the last few years and culminating in 2018, the Aon Latin American legal and compliance team has emerged as a true business partner, while preserving the independence of its role.