US FCPA Enforcement Off to Slowest Start in 10 Years, Blog Says
The U.S. announced just one enforcement action under the Foreign Corrupt Practices Act through the first four months of this year (see 2101120021), the slowest start in FCPA enforcement in at least a decade, a May 3 FCPA Blog post…
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said. The U.S. averaged about four or five corporate FCPA enforcement actions through the first four months of 2012 through 2020, the blog said. Some “high-level personnel changes” due to the White House transition may be contributing to the slow-down, it said. The FCPA units at the Justice Department and Securities and Exchange Commission “are likely waiting for the dust to settle,” the blog said. “New leaders bring new agendas and priorities, and pending actions need fresh reviews.” DOJ didn’t comment.