Major bribery scandals, record enforcement actions, unprecedented cross-border coordination and prosecutions—all this amid a global pandemic made 2020 (for better or worse) an unforgettable year for the Foreign Corrupt Practices Act (FCPA). Expect more of the same in 2021.
“It’s a record year as far as our resolutions,” said Christopher Cestaro, chief of the FCPA Unit in the Department of Justice’s Fraud Section, speaking at an Oct. 29 anti-bribery virtual forum sponsored by TRACE International. Cestaro specifically cited settlements with Goldman Sachs and Airbus as “notable because of the magnitude of the bribery schemes and the record penalties.”
