Despite a banner year for resolutions under the Foreign Corrupt Practices Act (FCPA) in 2020, U.S. enforcement of the anti-bribery law dropped 29 percent when compared to 2019, according to the 2020 Global Enforcement Report (GER) released Tuesday by TRACE International.
The United States saw a record-setting dollar amount in fines under the FCPA last year, primarily led by a $2.9 billion global settlement agreed to by Goldman Sachs for its role in the 1MDB scandal. During a conference in December, former acting Assistant Attorney General Brian Rabbitt of the Department of Justice’s Criminal Division estimated $3.21 billion had been paid to the United States through anti-bribery penalties on the year, with $7.76 billion in fines levied globally.
