Multinational companies beware: That promised new era of Foreign Corrupt Practices Act enforcement has already arrived.
The number of FCPA enforcement actions jumped 85 percent in 2010, shattering the prior record set in 2009, according to data tracked by the law firm Gibson Dunn & Crutcher. The Department of Justice and the Securities and Exchange Commission brought a combined 74 FCPA enforcement actions in 2010, far surpassing any prior year in the statute’s 33-year history.
