Wall Street Journal: Cooperation in Foreign-Bribery Cases

Cross-border cooperation on enforcing foreign bribery laws is on the rise as other countries join US efforts. “U.S. authorities resolved 17 corporate cases of Foreign Corrupt Practices Act violations in 2018, matching the average amount struck over the past 10 years,” reports Samuel Rubenfeld for the Wall Street Journal. “Three cases settled last year, with Brazil’s Petróleo Brasiliero SA, French bank Société Générale SA and Panasonic Avionics Corp., accounted for more than 90% of the total corporate penalties assessed in 2018, Shearman & Sterling found.” The cooperation means that other countries can collect a share in settlements and penalties. The regulations and cases are complex, and corporate officials should use caution. – YaleGlobal

Wall Street Journal: Cooperation in Foreign-Bribery Cases

More nations join the United States in cracking down with enforcement of foreign bribery laws, sharing the penalty payments
Samuel Rubenfeld
Saturday, January 5, 2019

Read the article from the Wall Street Journal about increased global cooperation on enforcing foreign bribery laws.

Samuel Rubenfeld is a reporter for the Wall Street Journal’s Risk & Compliance Journal.

Copyright ©2019 Dow Jones & Company, Inc. All Rights Reserved.

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