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In recent years, the SEC and DOJ have increasingly focused on individual accountability in FCPA enforcement actions. In 2015, the DOJ announced the "Yates Memo," [47] which prioritized the prosecution of individuals involved in corporate misconduct, including FCPA violations. This policy shift has led to several high-profile cases against ...
The government has been stepping up FCPA enforcement actions: More than three times as many FCPA cases were brought in 2009 than were filed in 2005. The Securities and Exchange Commission has ...
In FY 2011, the Enforcement Division filed 735 actions, an 8.6% increase over FY 2010 and more than any other year in SEC history. It also obtained $2.8 billion in penalties and disgorgement. [ 23 ] More significantly, the filed actions involve many highly complex markets, products and transactions, as well as charges against a significant ...
Most notably, § 201(b) prohibits the receipt of bribes, and § 201(c) prohibits the receipt of unlawful gratuities, by federal public officials. Lesser used statutes include conspiracy to defraud the United States (enacted 1867) [6] and the Foreign Corrupt Practices Act (FCPA) (enacted 1977). [7]
One major worry for American companies doing business overseas is the Foreign Corrupt Practices Act (FCPA), a 1977 federal law that prohibits the bribing of foreign officials. Those familiar with ...
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Analysts stated that FEPA addresses a longstanding gap in US anti-bribery legislation by tackling the "demand" side of bribery. At the same time, the Foreign Corrupt Practices Act (FCPA) focuses on the "supply" side of bribery. [2] [3] One expert noted that FEPA is "probably the most important U.S. anti-bribery effort since the FCPA itself ...
Several statutes, mostly codified in Title 18 of the United States Code, provide for federal prosecution of public corruption in the United States.Federal prosecutions of public corruption under the Hobbs Act (enacted 1934), the mail and wire fraud statutes (enacted 1872), including the honest services fraud provision, the Travel Act (enacted 1961), and the Racketeer Influenced and Corrupt ...