FCPA

FCPA DIGEST January 2021 2 TABLE OF CONTENTS ENFORCEMENT ACTIONS & STRATEGIES ......................................................................... 3 Statistics ................................................................................................................................................................................................. 4 Geography & Industries ............................................................................................................................................................................. 11 Types of Settlements ............................................................................................................................................................................... 12 Elements of Settlements ........................................................................................................................................................................... 13 Case Developments ................................................................................................................................................................................. 14 PERENNIAL STATUTORY ISSUES ...................................................................................... 16 Jurisdiction ............................................................................................................................................................................................ 17 Foreign Officials ..................................................................................................................................................................................... 19 Thing of Value ........................................................................................................................................................................................ 20 Modes of Payment .................................................................................................................................................................................. 20 Remediation .......................................................................................................................................................................................... 20 COMPLIANCE GUIDANCE ................................................................................................... 21 DOJ Continues to Issue Revised FCPA Guidance ............................................................................................................................................. 22 What Isn't Being Revised: DOJ's Self-Reporting Program ................................................................................................................................ 23 Inability to Pay Sargeant Marine Gets Penalty Reduction ................................................................................................................................ 23 Vitol and Beam Suntory Offer Insight Into DOJ's Anti-Piling-On Policy ................................................................................................................ 23 UNUSUAL DEVELOPMENTS ............................................................................................... 25 CFTC Joins an Ever-Growing List of U.S. Agencies Involved in FCPA Investigations ............................................................................................... 26 SEC Moving Towards New Clarity, Efficiency and Transparency Rules ............................................................................................................... 26 Congress Passes Corporate Transparency Act and Amends SEC Disgorgement authority as Part of 2021 Defense Funding Bill ...................................... 27 Individual Defendants Assert DOJ and SEC Overreach Following Unsuccessful FCPA Convictions ............................................................................. 27 Developing Industry Trend to Watch: Healthcare ........................................................................................................................................... 28 Foreign Developments ............................................................................................................................................................................. 29 PRIVATE LITIGATION ........................................................................................................... 31 Restitution Claims ................................................................................................................................................................................... 32 Securities Fraud Claims ............................................................................................................................................................................ 32 RICO Claims ........................................................................................................................................................................................... 33 ENFORCEMENT IN THE UNITED KINGDOM .................................................................... 35 Serious Fraud Office ................................................................................................................................................................................ 36 Other Matters of Interest .......................................................................................................................................................................... 39 CONCLUSION ....................................................................................................................... 40

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