2006 marked a banner year for enforcement actions and prosecutions under the Foreign Corrupt Practices Act—and experts say 2007 could be busier yet.
The number of enforcement actions under the FCPA—a statute that, among other things, makes it illegal to bribe foreign officials to obtain or keep business—skyrocketed last year, with the Justice Department and the Securities and Exchange Commission resolving actions against 11 individuals and four companies. There have been 48 corporate resolutions to FCPA charges brought by those two agencies in the law’s 30-year history.
