The year that was in FCPA & anti-corruption efforts
2022: A Year in Review
FCPA Enforcement & Anti-Corruption Developments
What’s in this report from Paul, Weiss:
After a quiet 2021, FCPA enforcement, whether measured by the number of DOJ and SEC corporate enforcement actions or total penalty amount, increased markedly in 2022, although it still fell somewhat below pre-2021 levels on nearly every metric. While enforcement statistics continue to be below the yearly average throughout the 2010s, it appears that 2021 will be a true outlier for its significantly lower levels of FCPA enforcement.
A team from Paul, Weiss explores the cases and policies of U.S. authorities; here’s a highlight of their analysis:
- FCPA enforcement actions substantially increased in 2022. The trend is likely to continue, along with more use of tools available to the administration to address corruption globally.
- The Biden administration took additional steps to bolster its anti-corruption efforts. Among the broad array of sanctions and regulations put in place in response to Russia’s invasion of Ukraine, many were directed at addressing corruption and kleptocracy in the region and around the globe.
