Last week, Credit Suisse settled a Foreign Corrupt Practices Act enforcement action for approximately $77 million for illegally hiring family members and close personal friends of Chinese government employees and employees in Chinese state-owned enterprises. This case follows a straight line of enforcement actions involving Bank of New York Mellon, Qualcomm, and most recently JPMorgan.

Thomas Fox has practiced law for over 40 years. Tom writes the daily award-winning blog, the FCPA Compliance and Ethics blog and founded the Compliance Podcast Network. Tom leads the discussion on AI in...