In 2019, international corporations were fined more for breaking bribery laws than ever before. The milestone year saw the largest-ever collection of fines for violations of the U.S. Federal Corrupt Practices Act (FCPA), at $2.65 billion. 2019 also featured the largest-ever corporate settlement: a combined $1.06 billion agreement by Ericsson, a Swedish telecommunications firm. In… Read More
The Chinese government’s crackdown on corruption is more than a passing trend, as evidenced by over $700 million in fines levied on foreign firms in 2014 alone. But enforcement has been largely contained to domestic affairs, despite a law on the books forbidding Chinese companies from engaging in bribery abroad. If Chinese prosecutors were interested… Read More