The recent designation of Primeiro Comando da Capital (PCC) and Comando Vermelho as Foreign Terrorist Organizations (FTOs) by the United States has renewed the discussion around third-party risk management. However, the significance of that debate extends well beyond the legal implications of the designation itself. It raises a broader question: whether traditional third-party due diligence processes remain sufficient to identify and understand the risks that may arise through customers, suppliers, intermediaries, and other third parties with whom organizations conduct business.

For years, the debate surrounding the future of Bolivian mining focused on the country’s geological wealth. However, in modern mining, the success of a jurisdiction does not depend solely on what lies beneath the ground. It also depends on the ability of its regulatory framework to attract the capital, technology and expertise necessary to transform those resources into productive projects. Law No. 535 represented an important effort to reorganize Bolivia’s mining regime and adapt it to the economic and institutional context of its time.

When a mega sports event is sold as a product, what is being sold is not the match. It is an ecosystem of intangible assets whose ownership is split among three actors with distinct commercial logics.