President-elect Donald Trump once said that a landmark US anti-bribery law put American companies “at a huge disadvantage” in foreign markets, but prosecutors are unlikely to go easy on companies using illicit favours to win business once he is inaugurated.
The US Department of Justice in 2016 marked a record year for enforcement of the Foreign Corrupt Practices Act, notching settlements with companies such as JPMorgan, Och-Ziff Capital Management and Embraer. On December 21, the Brazilian construction group Odebrecht agreed to a three-country settlement worth at least $2.6bn, eclipsing the earlier $800m record for an FCPA case.
‘Enforcement 40’ for 2020
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