Top 10 FCPA enforcement cases of 2018

2018 has shown that expectations may be needless when it applies to FCPA cases. Last year we wrote a brief note on the TOP10 FCPA cases in 2017 and noted that we should not expect something like this next, 2018 year. And we were wrong …

Last year the number of fines for companies from the TOP 10 rating was more than $ 2.8 billion. So, this amount is significantly lower compared to 2016 and $ 7.2 billion. But, at the same time, this amount is almost 50% higher compared with 2017. Unexpectedly, 2018 has risen above 2017 in FCPA rankings by years.

In 2018 the individual charges were very convincing (as well as the previous 2017 year). According to FCPA Blog:

  • 4 individuals settled civil FCPA charges brought by the SEC

  • 6 pleaded guilty to FCPA-related criminal charges

  • 6 were sentenced

  • 2 were convicted at trial

  • 9 were indicted for FCPA crimes

List of sources:

www.fcpablog.com/blog/2019/1/2/2018-fcpa-enforcement-index.html

www.justice.gov/opa/pr/petr-leo-brasileiro-sa-petrobras-agrees-pay-more-850-million-fcpa-violations

www.justice.gov/opa/pr/soci-t-g-n-rale-sa-agrees-pay-860-million-criminal-penalties-bribing-gaddafi-era-libyan

www.justice.gov/opa/pr/panasonic-avionics-corporation-agrees-pay-137-million-resolve-foreign-corrupt-practices-act

www.justice.gov/opa/pr/legg-mason-inc-agrees-pay-64-million-criminal-penalties-and-disgorgement-resolve-fcpa-charges

www.justice.gov/opa/pr/credit-suisse-s-investment-bank-hong-kong-agrees-pay-47-million-criminal-penalty-corrupt

www.justice.gov/criminal-fraud/file/1122966/download

www.sec.gov/news/press-release/2018-73

www.sec.gov/news/press-release/2018-128

www.sec.gov/news/press-release/2018-174

www.sec.gov/news/press-release/2018-188

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