In remarks prepared for delivery in New York on Monday, Jay Clayton said countries that neglect to punish corporate bribery create a two-tiered system that gives their domestic companies a leg up on U.S. firms that face punishment for not following the law.
“For the past two plus decades we have vigorously enforced the Foreign Corrupt Practices Act or ‘FCPA,’” Mr. Clayton said. “We should, however, recognize that we are acting largely alone and other countries are incentivized to play, and I believe some are in fact playing, strategies that take advantage of our laudable efforts.”
‘Enforcement 40’ for 2020
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