DOJ and SEC Cracking Down on FCPA Violators

SEC is Onto Companies Using Bribes to Win Business Contracts

The SEC is Onto Companies That Use Bribes to Win Business Contracts

In February 2016, the Securities and Exchange Commission (SEC) announced that a $795 million settlement had been reached with a Dutch telecommunications provider for allegedly violating the U.S. Foreign Corrupt Practices Act (FCPA). The defendant company was accused of bribing government officials in an effort to win contracts in Uzbekistan. The SEC and the Department of Justice (DOJ) have together filed more FCPA complaints in the first six months of 2016 than they did in all of 2015. Clearly, FCPA regulators are ramping up enforcement of FCPA activity globally, and the who’s who of defendants covers just about every industry in America.

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