This report examines the general corruption landscape in Mexico, including the interrelationship of the war on drugs and run-of-the-mill political corruption. It also explains the growing attractiveness of the Mexican market to foreign investors; examines the implications, in both Mexico and the United States, of the ongoing bribery investigation of Wal-Mart Stores, Inc. and its Mexican subsidiary; and discusses the potential ramifications of the recent Mexican presidential election on corruption in the country. The legal framework for addressing the corruption problem in Mexico is reviewed in some detail, with a particular focus on the recently enacted Federal Anti-Corruption in Public Contracts Law. Finally, the report offers some practical anti-corruption compliance tips for operating in Mexico as well as elsewhere in the global marketplace.