Foreign Corrupt Practices Act (FCPA) fines have a record year in 2014 totaling $1.25 Billion for seven corporate enforcement actions. At the same time, the DOJ, FBI, and SEC increase staffing to target anti-corruption enforcement in 2015 including the first enforcement case on January 6, 2015.
Top Ten International Anti-Corruption Developments for January 2015,
by MoFo FCPA and Global Anti-Corruption Team
This installment of MoFo’s Top Ten International Anti-Corruption Developments highlights important Department of Justice (DOJ) personnel changes, an increase in government resources being dedicated to FCPA enforcement efforts, new nforcement efforts, and developments in ongoing cases that have dominated the headlines in 2014. We summarize below some of the most important international anti-corruption developments in the past month with links to primary resources, as an overview for busy in-house counsel and compliance professionals.
Here is our January 2015 Top Ten list:
- 2015 Brings Personnel Changes in Key DOJ Positions
- FBI Triples the Number of Agents Devoted to FCPA Enforcement
- DOJ and SEC Anti-Corruption Enforcement Starts 2015 Off with a Bang
- Continued Fallout from Petrobras Corruption Case
- Secret Recordings of Former PetroTiger Co-CEO Can be Used at Trial
- Indonesian Anti-Corruption Official Arrested for Interfering in Case
- Israel Securities Authority Investigates Alleged Siemens Bribery
- Alcoa Settles Derivative Case Based on Corrupt Payments
- DAAG Sung-Hee Suh Speaks at PLI Institute on Securities Regulation in Europe
- 2014 Sets DOJ Record for FCPA Fines